2024 (10) TMI 162 - SCH - Customs

Maintainability of appeal - monetary threshold of the tax effect for filing an appeal - HELD THAT - By a Circular dated 6 August 2024 of the Revenue Division, Judicial Cell (Central Board of Indirect Taxes Customs), Ministry of Finance, the monetary threshold of the tax effect for filing an appeal to the Supreme Court has been increased from Rupees two crores to Rupees five crores. The Additional Solicitor General has confirmed that the tax effect in the present matters is less than Rupees five crores. The present Civil Appeals and Special Leave Petition are disposed of.

Summary

The Supreme Court increased the monetary threshold for filing an appeal to Rupees five crores. The tax effect in the present matters was less than Rupees five crores, so the Civil Appeals and Special Leave Petition were disposed of. Any legal questions arising from the cases were left open. Pending applications were also disposed of.