9911796707
TMI Blog2014 (10) TMI 44X X X X Extracts X X X X X X X X Extracts X X X X ..... ₹ 30.00 lacs as against the pre-deposit ordered by the Tribunal at ₹ 40.00 lacs. The appeals are accordingly partly allowed and the impugned final orders of the Tribunal are set aside and on the condition precedent that appellant deposits in an aggregate an amount of ₹ 30.00 lacs in both the appeals. amount already deposited of ₹ 12.00 lacs towards the aforesaid pre-deposi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lacs in the aggregate in two appeals. In one case 25% of the penalty amount of ₹ 1.00 crore and in other case 50% of the penalty amount of ₹ 30.00 lacs was directed to be pre-deposited i.e. in the aggregate of ₹ 40.00 lacs against the adjudicated penalty aggregating to ₹ 1.30 crores. 2. Learned Counsel for the appellant submits that when the sale proceeds of the seized g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... zed goods have been completely confiscated and his difficult financial position, the interest of justice would be served if the appellant is directed to make a total pre-deposit of ₹ 30.00 lacs as against the pre-deposit ordered by the Tribunal at ₹ 40.00 lacs. The appeals are accordingly partly allowed and the impugned final orders of the Tribunal are set aside and on the condition pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eight weeks from today. On the deposit being made and evidence being produced before the Tribunal of having deposited the amount within the stipulated period the appeals will be restored by the Tribunal and finally disposed of on merits. 7. In case the appellant fails to deposit the amount as directed within six weeks from today the orders of dismissal passed by the Tribunal will not be disturb ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
