2015 (1) TMI 1175 - HC - Customs

Waiver of pre deposit - Import of BMW cars under EPCG scheme - tourist purposes - Non maintenance of books of accounts - High Court after hearing both sides passed an order that There will be an order of interim stay on condition that the appellant deposits a sum of ₹ 25,00,000 only on or before 7-8-2014, failing which stay granted shall stand vacated. This appeal was filed by the assessee against the decision of Tribunal 2014 (8) TMI 359 - CESTAT CHENNAI .

Summary

The Madras High Court granted an interim stay on the condition that the appellant deposits Rs. 25,00,000 by 7-8-2014, failing which the stay will be vacated. The case was posted for further hearing on 7-8-2014.