2015 (9) TMI 561 - HC - Customs

improper importation of goods - Confiscation of goods - stay of recoveries - Appeals filed against order confiscating goods and imposing penalty upon appellants were upheld by tribunal, however Demand of duty of ₹ 48,03,968/- and levy of interest were set aside, Penalty imposed under Section 114A were set aside, but penalty of 50% duty demanded was sustainable under Section 112 - Confiscation and imposition of fine was also set aside - Appeal against said order of tribunal was filed by appellant claiming stay of recovery of penalties - High court granted interim stay of recovery of penalty for a period of six months.