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of <h1>New Section 35F: Mandatory Deposit for Appeals in Central Excise Act, Caps at Ten Crores</h1> Clause 98 of the Finance (No. 2) Bill, 2014 proposes the substitution of section 35F in the Central Excise Act. This new section mandates that appellants deposit a percentage of the duty demanded or penalty imposed before an appeal can be entertained. Specifically, a deposit of seven and a half percent is required for certain appeals, while ten percent is needed for others, with a cap at ten crores. The provision does not apply to stay applications and appeals pending prior to the enactment of the Finance (No. 2) Act, 2014.
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