https://www.taxtmi.com/caselaws?id=270037 The tribunal declined to reopen an earlier stay direction on the ground that identical matters had been referred to a larger bench, because that issue had already been considered and no fresh basis for modification was shown. It then applied the Supreme Court ruling on concessional additional customs duty under Notification No. 12/2012-Cus to hold that the assessee had a prima facie case for the concessional rate. On that basis, the duty demand was treated as materially reduced and the pre-deposit was reassessed, resulting in a modified stay order with a reduced pre-deposit requirement of Rs. 60 lakhs. en-us Tue, 18 Aug 2015 00:00:00 +0530 Mon, 28 Dec 2015 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270037 The tribunal declined to reopen an earlier stay direction on the ground that identical matters had been referred to a larger bench, because that issue had already been considered and no fresh basis for modification was shown. It then applied the Supreme Court ruling on concessional additional customs duty under Notification No. 12/2012-Cus to hold that the assessee had a prima facie case for the concessional rate. On that basis, the duty demand was treated as materially reduced and the pre-deposit was reassessed, resulting in a modified stay order with a reduced pre-deposit requirement of Rs. 60 lakhs. Case-Laws Customs Tue, 18 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270037