https://www.taxtmi.com/caselaws?id=170511 The Appellate Tribunal CESTAT AHMEDABAD modified a stay order initially requiring a pre-deposit of duty and penalties of Rs. 2.50 crores by waiving the pre-deposit requirement and directing the applicant to pledge their residential bungalow as security. The Tribunal considered financial hardship, legal principles under Section 35-F, and its inherent powers to modify stay orders, ensuring fairness and legality while emphasizing the unique circumstances of the case. Compliance and a final hearing were set with a clarification that the order should not be considered a precedent. en-us Fri, 16 Sep 2011 00:00:00 +0530 Mon, 01 Jun 2015 14:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170511 The Appellate Tribunal CESTAT AHMEDABAD modified a stay order initially requiring a pre-deposit of duty and penalties of Rs. 2.50 crores by waiving the pre-deposit requirement and directing the applicant to pledge their residential bungalow as security. The Tribunal considered financial hardship, legal principles under Section 35-F, and its inherent powers to modify stay orders, ensuring fairness and legality while emphasizing the unique circumstances of the case. Compliance and a final hearing were set with a clarification that the order should not be considered a precedent. Case-Laws Customs Fri, 16 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170511