https://www.taxtmi.com/caselaws?id=117663 The Tribunal granted the applicant's request for a waiver of pre-deposit of penalty and interest amounts due to difficulties in fulfilling export obligations caused by overseas conditions. Despite the Respondent's arguments, the Tribunal, relying on previous judgments, ruled that penalty and interest should not be imposed when export obligations are hindered by external factors. The stay application was allowed, with the waiver of pre-deposit of interest and penalty amounts, and the matter was stayed from any recovery pending the appeal's disposal before a Single Member Bench. en-us Mon, 13 Feb 2006 00:00:00 +0530 Mon, 25 Jun 2012 16:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117663 The Tribunal granted the applicant's request for a waiver of pre-deposit of penalty and interest amounts due to difficulties in fulfilling export obligations caused by overseas conditions. Despite the Respondent's arguments, the Tribunal, relying on previous judgments, ruled that penalty and interest should not be imposed when export obligations are hindered by external factors. The stay application was allowed, with the waiver of pre-deposit of interest and penalty amounts, and the matter was stayed from any recovery pending the appeal's disposal before a Single Member Bench. Case-Laws Customs Mon, 13 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117663