https://www.taxtmi.com/caselaws?id=167140 The Tribunal ruled that the provisions of Section 129E of the Customs Act, 1962 regarding pre-deposit of penalty do not apply retrospectively to a case where the revision application was filed under the old Section 131. It was held that applying the pre-deposit requirement retrospectively would curtail the substantive right of the applicant. Therefore, the Tribunal ordered that no pre-deposit of penalty was necessary in this case under Section 129E of the Customs Act, 1962. en-us Sat, 01 Sep 1984 00:00:00 +0530 Tue, 09 Dec 2014 12:29:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167140 The Tribunal ruled that the provisions of Section 129E of the Customs Act, 1962 regarding pre-deposit of penalty do not apply retrospectively to a case where the revision application was filed under the old Section 131. It was held that applying the pre-deposit requirement retrospectively would curtail the substantive right of the applicant. Therefore, the Tribunal ordered that no pre-deposit of penalty was necessary in this case under Section 129E of the Customs Act, 1962. Case-Laws Central Excise Sat, 01 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167140