https://www.taxtmi.com/caselaws?id=248879 The Appellate Tribunal CESTAT Bangalore dismissed the appellant's appeal for failing to comply with a stay order necessitating a pre-deposit of Rs. 40 lakhs. The case involved the Customs duty calculation on broken pieces of a wrecked ship purchased by the appellant. The Tribunal emphasized the need for a detailed examination of relevant provisions and precedent decisions in such matters. They remitted the case to the Commissioner (Appeals) for a decision on the merits without requiring any pre-deposit, stressing the importance of fair consideration in Customs duty assessments. en-us Fri, 21 Mar 2014 00:00:00 +0530 Fri, 27 Jun 2014 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248879 The Appellate Tribunal CESTAT Bangalore dismissed the appellant's appeal for failing to comply with a stay order necessitating a pre-deposit of Rs. 40 lakhs. The case involved the Customs duty calculation on broken pieces of a wrecked ship purchased by the appellant. The Tribunal emphasized the need for a detailed examination of relevant provisions and precedent decisions in such matters. They remitted the case to the Commissioner (Appeals) for a decision on the merits without requiring any pre-deposit, stressing the importance of fair consideration in Customs duty assessments. Case-Laws Customs Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248879