https://www.taxtmi.com/caselaws?id=126121 The Tribunal granted a waiver of predeposit of penalty for the appellant and the car broker in the case concerning the purchase of an imported Land Rover. The appellant demonstrated compliance by paying the duty amount and executing a bank guarantee. The Tribunal also considered a legal precedent indicating that initiating separate proceedings after goods are released upon payment of redemption fine is impermissible. As a result, the Tribunal waived the penalty and stayed recovery during the appeal process, providing a clear resolution in favor of the parties involved. en-us Thu, 26 Mar 2009 00:00:00 +0530 Fri, 02 Nov 2012 15:13:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126121 The Tribunal granted a waiver of predeposit of penalty for the appellant and the car broker in the case concerning the purchase of an imported Land Rover. The appellant demonstrated compliance by paying the duty amount and executing a bank guarantee. The Tribunal also considered a legal precedent indicating that initiating separate proceedings after goods are released upon payment of redemption fine is impermissible. As a result, the Tribunal waived the penalty and stayed recovery during the appeal process, providing a clear resolution in favor of the parties involved. Case-Laws Customs Thu, 26 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126121