https://www.taxtmi.com/caselaws?id=112158 Penalty was imposed because the imported potassium chloride was treated as industrial grade and, on that basis, as not eligible for exemption under Notification No. 11/97-Cus. as Muriate of Potash. At the stay stage, the tribunal considered only whether a case was made out for waiver of pre-deposit, noting that no duty demand had been raised and the dispute concerned penalty alone. On that footing, pre-deposit of the entire penalty amount was waived and recovery was stayed pending disposal of the appeal. en-us Thu, 24 Jun 2004 00:00:00 +0530 Thu, 26 Apr 2012 18:17:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112158 Penalty was imposed because the imported potassium chloride was treated as industrial grade and, on that basis, as not eligible for exemption under Notification No. 11/97-Cus. as Muriate of Potash. At the stay stage, the tribunal considered only whether a case was made out for waiver of pre-deposit, noting that no duty demand had been raised and the dispute concerned penalty alone. On that footing, pre-deposit of the entire penalty amount was waived and recovery was stayed pending disposal of the appeal. Case-Laws Customs Thu, 24 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112158