Supreme Court Stays Customs Tribunal Order, Requires Deposit of Rs. 209 Crores

The Supreme Court admitted the appeals and stayed the impugned order by the Customs, Excise & Service Tax Appellate Tribunal, Bangalore. Appellants are required to deposit a total of Rs. 209 crores plus Rs. 9 crores and ten lacs within six weeks. Successful appellants will receive a refund from the respondent authority, with interest to be determined by the Bench.

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The Supreme Court admitted the appeals and stayed the impugned order passed by the Customs, Excise & Service Tax Appellate Tribunal, Bangalore. The appellants must deposit a sum of Rs. 209 crores plus Rs. 9 crores and ten lacs within six weeks. If successful, the deposited amount will be refunded by the respondent authority. Interest will be decided by the Bench accordingly.

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