https://www.taxtmi.com/caselaws?id=221991 The Tribunal granted stay applications in a case involving the import of textile machines under Notification No. 103/2009-Cus. The Revenue alleged misrepresentation to benefit from the Technology Up-gradation Fund Scheme, leading to confiscation, denial of concessional duty rate, and penalties. The appellants denied intent to avail the scheme, citing duty payment choices. The Tribunal found no duty underpayment or policy breach due to misdeclarations, questioning the feasibility of TUF Scheme eligibility based on machine age. It waived the pre-deposit requirement, allowing the stay petitions with bond and bank guarantee maintenance during the appeal. en-us Thu, 14 Jun 2012 00:00:00 +0530 Tue, 09 Apr 2013 08:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221991 The Tribunal granted stay applications in a case involving the import of textile machines under Notification No. 103/2009-Cus. The Revenue alleged misrepresentation to benefit from the Technology Up-gradation Fund Scheme, leading to confiscation, denial of concessional duty rate, and penalties. The appellants denied intent to avail the scheme, citing duty payment choices. The Tribunal found no duty underpayment or policy breach due to misdeclarations, questioning the feasibility of TUF Scheme eligibility based on machine age. It waived the pre-deposit requirement, allowing the stay petitions with bond and bank guarantee maintenance during the appeal. Case-Laws Customs Thu, 14 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221991