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of <h1>Supreme Court Denies Interest Relief, Grants Stay on Penalty: Appellants Required to Deposit 50% within 6 Weeks.</h1> <h3>Bhagyanagar Metals Ltd. Versus Commissioner</h3> The Supreme Court denied relief on interest to the appellants but granted a stay on penalty and redemption fine under Sections 114-A and 125. The ... Valuation - Value of Software – include ability in the value of software - The allegation of the Revenue is that the value of the impugned goods have been split up into hardware and software portion with an intention to evade payment of Customs duty - Imposition of redemption fine and penalty. The Supreme Court ruled that the appellants are not entitled to relief on interest but granted a stay on penalty and redemption fine under Sections 114-A and 125, subject to the deposit of 50% within six weeks. Failure to make the deposit allows the respondents to recover the full penalty and redemption fine.
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