Appeal Dismissed for Non-Compliance with Stay Order

The appeal was dismissed by the Appellate Tribunal CESTAT Chennai due to non-compliance with the stay order requiring a predeposit of Rs. 20 lakhs under Section 129E of the Customs Act, 1962. The applicant's request for an extension to pay the balance amount in installments was denied, leading to the dismissal of the appeal.

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The Appellate Tribunal CESTAT Chennai dismissed the appeal due to non-compliance with the stay order requiring a predeposit of Rs. 20 lakhs under Section 129E of the Customs Act, 1962. The applicant had only deposited Rs. 5 lakhs and requested an extension of twelve months to pay the balance amount in installments, which was not granted. The appeal was dismissed as there was no provision for payment of predeposit in installments.

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