https://www.taxtmi.com/caselaws?id=257396 The Tribunal granted a waiver from the pre-deposit of penalties imposed under Sections 112(a)(b) and 114AA of the Customs Act, 1962 for alleged illegal import of courier parcels. The Tribunal stayed the recovery of penalties during the appeals process, considering that the confiscated goods were already in the custody of the department, serving as sufficient security for the Revenue. The decision emphasized the importance of assessing the status of confiscated goods in determining the necessity of pre-deposit of penalties and highlighted the Tribunal's discretion in granting waivers and stays based on individual case circumstances. en-us Mon, 08 Sep 2014 00:00:00 +0530 Wed, 11 Mar 2015 07:07:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257396 The Tribunal granted a waiver from the pre-deposit of penalties imposed under Sections 112(a)(b) and 114AA of the Customs Act, 1962 for alleged illegal import of courier parcels. The Tribunal stayed the recovery of penalties during the appeals process, considering that the confiscated goods were already in the custody of the department, serving as sufficient security for the Revenue. The decision emphasized the importance of assessing the status of confiscated goods in determining the necessity of pre-deposit of penalties and highlighted the Tribunal's discretion in granting waivers and stays based on individual case circumstances. Case-Laws Customs Mon, 08 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257396