TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Partial success for Nand Kishore Sharma in penalty appeal, deposit required within 8 weeks</h1> <h3>Shri Nand Kishore Sharma Versus Commissioner of Customs (Export), Nhava Sheva</h3> The appeal by Shri Nand Kishore Sharma seeking waiver of a penalty of Rs. 66 lakhs was partially allowed. The Tribunal directed the appellant to make a ... Waiver of pre deposit - Mandatory pre deposit - Held that:- In view of the provisions of Section 129A, as amended by the Finance Act, 2014, the Tribunal cannot condone the amount of pre-deposit fixed under the statute @7.5% of the amount demanded. Accordingly, the miscellaneous application stands dismissed. However, the appellant is allowed time to make pre-deposit 7.5% of the penalty imposed within a period of eight weeks - Decided against assessee. The appeal was filed by Shri Nand Kishore Sharma seeking waiver of a penalty of Rs. 66 lakhs. The Tribunal cannot condone the pre-deposit amount, but the appellant is given eight weeks to make a deposit of 7.5% of the penalty imposed. Compliance is to be reported by 06.05.2015.
TaxTMI 
TaxTMI 
