https://www.taxtmi.com/caselaws?id=333926 The Tribunal dismissed the appeals as the appellants failed to comply with the 10% deposit requirement specified under clause (iii) of Sec.129E/35F of the Customs Act, 1962/Central Excise Act, 1944. The judgment emphasized strict adherence to statutory provisions in tax matters, highlighting the need to fulfill prescribed requirements for appeals to be entertained without room for equitable considerations. The Tribunal held that the appellants must deposit the entire 10% as per the clear language of the provisions, rejecting the argument that a partial deposit sufficed and underscoring the importance of a literal interpretation of taxing statutes. en-us Mon, 24 Oct 2016 00:00:00 +0530 Fri, 17 Feb 2017 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333926 The Tribunal dismissed the appeals as the appellants failed to comply with the 10% deposit requirement specified under clause (iii) of Sec.129E/35F of the Customs Act, 1962/Central Excise Act, 1944. The judgment emphasized strict adherence to statutory provisions in tax matters, highlighting the need to fulfill prescribed requirements for appeals to be entertained without room for equitable considerations. The Tribunal held that the appellants must deposit the entire 10% as per the clear language of the provisions, rejecting the argument that a partial deposit sufficed and underscoring the importance of a literal interpretation of taxing statutes. Case-Laws Customs Mon, 24 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333926