https://www.taxtmi.com/caselaws?id=182211 The court granted waiver of predeposit of penalties under section 112 of the Customs Act, 1962 for truck owners and drivers. The penalty imposed on truck owners was waived as the trucks were in possession of the Department, safeguarding Revenue's interest. The driver and Khalasi were directed to make specific predeposits, with remaining dues waived upon compliance. Recovery was stayed during the appeal process. Owners of the trucks were exempted from predeposit requirements, with recovery stayed during appeals. Stay petitions were disposed of accordingly. en-us Thu, 30 Aug 2012 00:00:00 +0530 Thu, 05 May 2016 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182211 The court granted waiver of predeposit of penalties under section 112 of the Customs Act, 1962 for truck owners and drivers. The penalty imposed on truck owners was waived as the trucks were in possession of the Department, safeguarding Revenue's interest. The driver and Khalasi were directed to make specific predeposits, with remaining dues waived upon compliance. Recovery was stayed during the appeal process. Owners of the trucks were exempted from predeposit requirements, with recovery stayed during appeals. Stay petitions were disposed of accordingly. Case-Laws Customs Thu, 30 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182211