2016 (12) TMI 139 - SCH - Customs

Deposit of the amount directed by the Division Bench with interest at the rate of 12% per annum before the Tribunal within a period of eight weeks from today. If the amount is not deposited before the Tribunal within a period of eight weeks, the petition shall stand dismissed without further reference to the Court - However, if the amount is deposited, the Tribunal may consider the matter on merits. - the decision in the case of M/s. Picasso Overseas, Mumbai- 7 Versus The Customs, Excise and Service Tax Appellate Tribunal, The Commissioner of Customs (Appeals) , The Assistant Commissioner of Customs (Gr. 5B) 2016 (4) TMI 183 - MADRAS HIGH COURT contested.

Summary

The Supreme Court ordered the petitioner to deposit a specified amount with interest at 12% per annum before the Tribunal within eight weeks. Failure to do so will result in dismissal of the petition without further reference to the Court. If the amount is deposited, the Tribunal may consider the case on its merits.