https://www.taxtmi.com/caselaws?id=171946 The Madras HC modified a Tribunal-imposed pre-deposit condition for waiver of duty and penalty after finding it unduly harsh in light of financial hardship, non-commencement of commercial production, and parallel recovery proceedings under the SARFAESI Act. The court held that the deposit requirement should be reduced to reflect the appellant's circumstances and balanced the interim protection sought in appeal against the burden of compliance. It accordingly reduced the pre-deposit from the amount fixed by the Tribunal to a lower sum, with the balance duty and penalties waived pending appeal on compliance. en-us Thu, 05 Jan 2012 00:00:00 +0530 Tue, 11 Aug 2015 10:57:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171946 The Madras HC modified a Tribunal-imposed pre-deposit condition for waiver of duty and penalty after finding it unduly harsh in light of financial hardship, non-commencement of commercial production, and parallel recovery proceedings under the SARFAESI Act. The court held that the deposit requirement should be reduced to reflect the appellant's circumstances and balanced the interim protection sought in appeal against the burden of compliance. It accordingly reduced the pre-deposit from the amount fixed by the Tribunal to a lower sum, with the balance duty and penalties waived pending appeal on compliance. Case-Laws Customs Thu, 05 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171946