Supreme Court grants stay on Customs Tribunal judgment requiring Rs. 20 crores deposit.

The Supreme Court granted an ad interim stay of the judgment by the Customs, Excise and Service Tax Appellate Tribunal, New Delhi. The appellant is required to deposit Rs. 20 crores in court and provide security of Rs. 132 crores to the Jurisdictional Commissioner, with the respondent having the liberty to withdraw the specified amount.

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The Supreme Court granted an ad interim stay of the impugned judgment by the Customs, Excise and Service Tax Appellate Tribunal, New Delhi. The appellant must deposit Rs. 20 crores in court and provide security of Rs. 132 crores to the Jurisdictional Commissioner. The respondent has the liberty to withdraw the mentioned amount.

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