https://www.taxtmi.com/caselaws?id=247278 The Tribunal granted the Applicant's request for a waiver of pre-deposit of Customs duty totaling Rs.15.15 Crores and Rs.21.37 Crore. The Tribunal found that the excess amount collected from customers during the relevant period governed by the Administered Price Mechanism was deposited into the oil pool account and not retained by the Applicant. Relying on legal precedents, the Tribunal concluded that Section 28B of the Customs Act, 1962 should not be applicable in this scenario, aligning with decisions in cases involving Hindusthan Petroleum Corporation Ltd. and Indian Oil Corporation Ltd. The Tribunal granted a stay on recovery during the appeal's pendency and waived all dues adjudged. en-us Thu, 06 Feb 2014 00:00:00 +0530 Wed, 07 May 2014 11:15:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247278 The Tribunal granted the Applicant's request for a waiver of pre-deposit of Customs duty totaling Rs.15.15 Crores and Rs.21.37 Crore. The Tribunal found that the excess amount collected from customers during the relevant period governed by the Administered Price Mechanism was deposited into the oil pool account and not retained by the Applicant. Relying on legal precedents, the Tribunal concluded that Section 28B of the Customs Act, 1962 should not be applicable in this scenario, aligning with decisions in cases involving Hindusthan Petroleum Corporation Ltd. and Indian Oil Corporation Ltd. The Tribunal granted a stay on recovery during the appeal's pendency and waived all dues adjudged. Case-Laws Customs Thu, 06 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247278