https://www.taxtmi.com/caselaws?id=106586 Waiver of pre-deposit of penalty was sought alongside release of imported goods on security and partial cash deposit. The applications were disposed of by requiring the applicants to furnish a bond and deposit Rs. 5 lakhs in cash before obtaining clearance of the goods, while pre-deposit of the partner's penalty was waived and recovery was stayed pending the appeals. The operative effect was conditional release of the goods against security and limited cash payment, with interim protection from penalty recovery during the appeal process. en-us Thu, 08 Nov 2001 00:00:00 +0530 Wed, 14 Mar 2012 17:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106586 Waiver of pre-deposit of penalty was sought alongside release of imported goods on security and partial cash deposit. The applications were disposed of by requiring the applicants to furnish a bond and deposit Rs. 5 lakhs in cash before obtaining clearance of the goods, while pre-deposit of the partner's penalty was waived and recovery was stayed pending the appeals. The operative effect was conditional release of the goods against security and limited cash payment, with interim protection from penalty recovery during the appeal process. Case-Laws Customs Thu, 08 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106586