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of <h1>Customs Act Section 129E: Appellants Must Deposit 7.5% or 10% of Duty/Penalty Before Filing Appeals, Capped at 10 Crores.</h1> Section 129E of the Customs Act, 1962 mandates that an appellant must deposit a percentage of the duty or penalty before filing an appeal. Specifically, a deposit of seven and a half percent is required for appeals under section 128 or clause (a) of section 129A, and ten percent for appeals under clause (b) of section 129A. The maximum deposit is capped at ten crores. This requirement does not apply to stay applications and appeals pending before the enactment of the Finance (No. 2) Act, 2014.
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