https://www.taxtmi.com/caselaws?id=117728 The case involved the confiscation of second-hand weaving looms due to discrepancies in their age, leading to the imposition of penalties on the importing company and one of its partners. The penalties were upheld based on evidence, including a confessional statement admitting the age of the machinery. The appellants sought a waiver of pre-deposit and stay of recovery, but the tribunal directed them to pre-deposit 25% of the penalty amount. Compliance could lead to a possible waiver and stay of recovery for the remaining penalty amount. en-us Thu, 02 Mar 2006 00:00:00 +0530 Tue, 26 Jun 2012 12:17:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117728 The case involved the confiscation of second-hand weaving looms due to discrepancies in their age, leading to the imposition of penalties on the importing company and one of its partners. The penalties were upheld based on evidence, including a confessional statement admitting the age of the machinery. The appellants sought a waiver of pre-deposit and stay of recovery, but the tribunal directed them to pre-deposit 25% of the penalty amount. Compliance could lead to a possible waiver and stay of recovery for the remaining penalty amount. Case-Laws Customs Thu, 02 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117728