2014 (10) TMI 714 - AT - Customs

Waiver of pre-deposit of duty, interest and penalty - Notification No.104/94 dated 16.03.1994 - Held that - Since the containers along with the goods are still in the custody of the Revenue, prima facie interest of the Revenue is safeguarded. Accordingly, we grant waiver of pre-deposit of the entire amount of duty, interest and penalty and stay recovery thereof during the pendency of the appeal - Stay granted.

Summary

The Appellate Tribunal CESTAT MUMBAI granted waiver of pre-deposit of duty, interest, and penalty to the applicant, a Shipping Agency, in a case where 59 containers were not re-exported within the prescribed period. The containers are still in the custody of the Revenue, so the waiver was granted, and recovery stayed during the appeal.