https://www.taxtmi.com/caselaws?id=245432 The High Court dismissed the appellant's appeal under Section 35G of the Central Excise Act, 1944 against the Tribunal's order requiring a pre-deposit of Rs. 40 lacs before hearing the appeal on merits. The Court upheld the Tribunal's decision, emphasizing the justification for the higher pre-deposit amount due to the duty-free import advantage. It clarified that the pre-deposit amount was reasonable, representing about 13.33% of the total demand, and varied based on the total liability. The Court also ruled that the principle of binding precedents did not apply to interim orders, leading to the dismissal of the appeal for lack of a substantial question of law. en-us Wed, 26 Feb 2014 00:00:00 +0530 Tue, 12 May 2015 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245432 The High Court dismissed the appellant's appeal under Section 35G of the Central Excise Act, 1944 against the Tribunal's order requiring a pre-deposit of Rs. 40 lacs before hearing the appeal on merits. The Court upheld the Tribunal's decision, emphasizing the justification for the higher pre-deposit amount due to the duty-free import advantage. It clarified that the pre-deposit amount was reasonable, representing about 13.33% of the total demand, and varied based on the total liability. The Court also ruled that the principle of binding precedents did not apply to interim orders, leading to the dismissal of the appeal for lack of a substantial question of law. Case-Laws Central Excise Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245432