https://www.taxtmi.com/caselaws?id=122536 The Appellate Tribunal CESTAT, Chennai, granted waiver of pre-deposit and stay of recovery in a case concerning penalties imposed under Section 112 of the Customs Act on importers of second-hand machinery. The decision was based on conflicting judicial precedents, with the Tribunal favoring the applicants due to the support of decisions from the AP and Calcutta High Courts and the uncertainty surrounding a Kerala High Court judgment under civil appeal. en-us Thu, 08 Mar 2007 00:00:00 +0530 Tue, 14 Aug 2012 14:44:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122536 The Appellate Tribunal CESTAT, Chennai, granted waiver of pre-deposit and stay of recovery in a case concerning penalties imposed under Section 112 of the Customs Act on importers of second-hand machinery. The decision was based on conflicting judicial precedents, with the Tribunal favoring the applicants due to the support of decisions from the AP and Calcutta High Courts and the uncertainty surrounding a Kerala High Court judgment under civil appeal. Case-Laws Customs Thu, 08 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122536