https://www.taxtmi.com/caselaws?id=47192 The court upheld the Tribunal's decision to grant a partial waiver of penalties, finding it reasonable and within the Tribunal's discretion. The petitioners' claims of financial hardship were deemed unsubstantiated, and the validity of Section 129E of the Customs Act was upheld. The argument for duty drawback was dismissed, and the court directed the matter back to the Tribunal for reconsideration of a consolidated deposit amount. The writ petitions were disposed of without costs. en-us Thu, 14 Oct 2004 00:00:00 +0530 Tue, 27 Jul 2010 14:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47192 The court upheld the Tribunal's decision to grant a partial waiver of penalties, finding it reasonable and within the Tribunal's discretion. The petitioners' claims of financial hardship were deemed unsubstantiated, and the validity of Section 129E of the Customs Act was upheld. The argument for duty drawback was dismissed, and the court directed the matter back to the Tribunal for reconsideration of a consolidated deposit amount. The writ petitions were disposed of without costs. Case-Laws Customs Thu, 14 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47192