https://www.taxtmi.com/caselaws?id=335924 The tribunal upheld the requirement of depositing 10% of the duty/penalty or duty and penalty as prescribed under Section 129E of the Customs Act, 1962. The judgment emphasized the importance of literal interpretation in taxing statutes and the necessity to strictly construe such provisions without implying or adding words not explicitly stated. The appeal was dismissed as the appellant's argument that the amount paid earlier could be adjusted against the required deposit was rejected. en-us Mon, 28 Nov 2016 00:00:00 +0530 Tue, 13 Dec 2016 10:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335924 The tribunal upheld the requirement of depositing 10% of the duty/penalty or duty and penalty as prescribed under Section 129E of the Customs Act, 1962. The judgment emphasized the importance of literal interpretation in taxing statutes and the necessity to strictly construe such provisions without implying or adding words not explicitly stated. The appeal was dismissed as the appellant's argument that the amount paid earlier could be adjusted against the required deposit was rejected. Case-Laws Customs Mon, 28 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335924