Waiver of Pre-Deposit for Incorrect Import Duty

The Appellate Tribunal CESTAT, Mumbai waived the pre-deposit of differential duty and penalties for incorrect classification of imported goods and under-invoicing. The goods were provisionally released on a bank guarantee, and no additional pre-deposit was required as long as the bank guarantee was valid during the appeals process.

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The Appellate Tribunal CESTAT, Mumbai waived the pre-deposit of differential duty and penalties imposed on the applicants related to the correct classification of imported goods and under-invoicing. The goods were provisionally released on a bank guarantee, and the Tribunal decided no further pre-deposit was necessary as long as the bank guarantee remained active during the appeals process.

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