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<h1>Tribunal Waives Pre-Deposit Penalty for Fabric Exporter</h1> The Tribunal waived the pre-deposit of penalty under Section 114 of the Customs Act for exporting fabrics at a declared value higher than market price ... Stay/Dispensation of pre-deposit - Penalty The judgment is about a waiver of pre-deposit of penalty under Section 114 of the Customs Act, 1962. The case involves exporting fabrics at a declared value higher than market price under the DEPB scheme. The Tribunal dispensed with the pre-deposit of penalty, considering the difference in value fell within the stipulation prescribed by the Board.