https://www.taxtmi.com/caselaws?id=101302 Exemption benefits depended on strict compliance with the prescribed bond and security conditions. An altered bank guarantee was treated as prima facie invalid, so the importer could not claim waiver of predeposit on that basis. Materials seeking reduction of the duty demand, produced only at the stay stage, were not acted upon, and the asserted financial hardship was unsupported by evidence. On the record, there was a prima facie breach of the exemption condition, so full waiver was refused and deposit of the duty with part of the penalty was required before limited relief on the remaining penalty amount. en-us Wed, 09 Jan 2002 00:00:00 +0530 Thu, 09 Feb 2012 12:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101302 Exemption benefits depended on strict compliance with the prescribed bond and security conditions. An altered bank guarantee was treated as prima facie invalid, so the importer could not claim waiver of predeposit on that basis. Materials seeking reduction of the duty demand, produced only at the stay stage, were not acted upon, and the asserted financial hardship was unsupported by evidence. On the record, there was a prima facie breach of the exemption condition, so full waiver was refused and deposit of the duty with part of the penalty was required before limited relief on the remaining penalty amount. Case-Laws Customs Wed, 09 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101302