https://www.taxtmi.com/caselaws?id=765161 The HC addressed a customs valuation dispute involving printed circuit boards where penalty was dramatically increased from Rs.1,00,000 to Rs.1,00,00,000 in subsequent proceedings. Following Delhi HC precedent, the court acknowledged petitioner's statutory remedy before the Customs Excise and Service Tax Appellate Tribunal. Given the substantial penalty enhancement and petitioner's financial condition, the HC directed the appellate authority to consider the appeal without pre-deposit if filed within three weeks. The court permitted pre-deposit based on the original penalty amount of Rs.1,00,000 rather than the enhanced amount, while clarifying this would not affect the appeal's merits. Petition disposed. en-us Wed, 22 Jan 2025 00:00:00 +0530 Mon, 27 Jan 2025 08:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765161 The HC addressed a customs valuation dispute involving printed circuit boards where penalty was dramatically increased from Rs.1,00,000 to Rs.1,00,00,000 in subsequent proceedings. Following Delhi HC precedent, the court acknowledged petitioner's statutory remedy before the Customs Excise and Service Tax Appellate Tribunal. Given the substantial penalty enhancement and petitioner's financial condition, the HC directed the appellate authority to consider the appeal without pre-deposit if filed within three weeks. The court permitted pre-deposit based on the original penalty amount of Rs.1,00,000 rather than the enhanced amount, while clarifying this would not affect the appeal's merits. Petition disposed. Case-Laws Customs Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765161