2018 (10) TMI 1277 - HC - Central Excise

Maintainability of appeal - monetary amount involved in the appeal - Held that - In the present appeal the amount involved is 26, 68, 741/-. In terms of the Instructions issued by the Central Board of Indirect Taxes 50 lakhs which is applicable even in pending cases. As the amount of tax involved in the present appeal is less than 50 lakhs the same may be permitted to be withdrawn.

Summary

The Punjab and Haryana High Court allowed the appellant to withdraw the appeal as the tax amount involved was less than Rs. 50 lakhs, following the Instructions issued by the Central Board of Indirect Taxes & Customs. Withdrawal does not imply upholding the Tribunal's order, and legal issues raised remain open for future consideration.