2024 (5) TMI 339 - SCH - Customs

Maintainability Of Appeal - Bar on monetary limit - Evasion of custom duty - HELD THAT - It is stated at the Bar that in terms of the latest Circular dated 02.11.2023, the monetary limit has been enhanced to Rs.2 crores. The appeal would have to be disposed of having regard to the said threshold limit as the amount in dispute in the instant cases is only Rs.1,28,73,481/- (Rupees One Crore, Twenty Eight Lakhs, Seventy Three thousand, Four Hundred and Eighty One Only). In the circumstances, the appeals are dismissed owing to low tax effect.

Summary

The Supreme Court dismissed the appeals due to low tax effect as the amount in dispute was below the enhanced monetary limit of Rs.2 crores set by a recent circular dated 02.11.2023. The amount in question was only Rs.1,28,73,481.