https://www.taxtmi.com/caselaws?id=239065 A stay application in proceedings alleging breach of Notification No. 32/97-Cus. was considered on the basis of claimed exemption compliance, the character of foreign exchange remittance as a security deposit, and limitation. The Tribunal found an apparent violation of the notification and noted execution of a bond, so a complete waiver of predeposit was not justified at the stay stage. The limitation plea and the contention on the nature of the remittance were left open for decision at the appeal hearing. Partial relief was granted by directing a deposit of the specified predeposit amount, after which the balance duty, interest and penalty were stayed pending appeal. en-us Thu, 21 Mar 2013 00:00:00 +0530 Sat, 02 Nov 2013 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239065 A stay application in proceedings alleging breach of Notification No. 32/97-Cus. was considered on the basis of claimed exemption compliance, the character of foreign exchange remittance as a security deposit, and limitation. The Tribunal found an apparent violation of the notification and noted execution of a bond, so a complete waiver of predeposit was not justified at the stay stage. The limitation plea and the contention on the nature of the remittance were left open for decision at the appeal hearing. Partial relief was granted by directing a deposit of the specified predeposit amount, after which the balance duty, interest and penalty were stayed pending appeal. Case-Laws Customs Thu, 21 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239065