https://www.taxtmi.com/caselaws?id=94520 Pre-deposit of penalties imposed under Section 112(a) of the Customs Act was waived during pendency of the appeal because the gold had already been ordered released after acceptance of the bill and the explanation of lawful purchase. The penalties were based on an allegation of aiding production of the bill, but the revenue continued to retain possession of the gold, creating a prima facie balance of convenience in favour of the applicants. Recovery of the penalty amounts was stayed pending disposal of the appeal. en-us Mon, 10 Jan 2000 00:00:00 +0530 Wed, 23 Nov 2011 11:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94520 Pre-deposit of penalties imposed under Section 112(a) of the Customs Act was waived during pendency of the appeal because the gold had already been ordered released after acceptance of the bill and the explanation of lawful purchase. The penalties were based on an allegation of aiding production of the bill, but the revenue continued to retain possession of the gold, creating a prima facie balance of convenience in favour of the applicants. Recovery of the penalty amounts was stayed pending disposal of the appeal. Case-Laws Customs Mon, 10 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94520