https://www.taxtmi.com/caselaws?id=211821 On a prima facie assessment of the appellants' role as project financiers and the later transfer of the project on default, the Tribunal found no immediate violation of the Customs Act, 1962 that would justify penalty liability at this stage. It therefore held that the appellants were entitled to waiver of pre-deposit of the penalty imposed under Section 112(b) and granted stay of recovery pending disposal of the appeal. en-us Mon, 05 Mar 2012 00:00:00 +0530 Thu, 05 Apr 2012 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211821 On a prima facie assessment of the appellants' role as project financiers and the later transfer of the project on default, the Tribunal found no immediate violation of the Customs Act, 1962 that would justify penalty liability at this stage. It therefore held that the appellants were entitled to waiver of pre-deposit of the penalty imposed under Section 112(b) and granted stay of recovery pending disposal of the appeal. Case-Laws Customs Mon, 05 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211821