https://www.taxtmi.com/caselaws?id=358124 The Tribunal dismissed the restoration petition under Section 129 of Customs Act, 1962, as the appellant failed to comply with the predeposit order of Rs. 10 crores and did not appear for modification application hearings. The Tribunal held it lacked the power to modify the stay order and found the appellant's reliance on legal precedents to be inapplicable. Relying on a decision of the Karnataka High Court, the Tribunal concluded the restoration petition lacked merit, leading to its dismissal. en-us Mon, 05 Feb 2018 00:00:00 +0530 Fri, 06 Apr 2018 07:45:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358124 The Tribunal dismissed the restoration petition under Section 129 of Customs Act, 1962, as the appellant failed to comply with the predeposit order of Rs. 10 crores and did not appear for modification application hearings. The Tribunal held it lacked the power to modify the stay order and found the appellant's reliance on legal precedents to be inapplicable. Relying on a decision of the Karnataka High Court, the Tribunal concluded the restoration petition lacked merit, leading to its dismissal. Case-Laws Customs Mon, 05 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358124