TaxTMI 
TaxTMI 
1987 (6) TMI 157
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....mposed a personal penalty of Rs. 25,000/-. Being dis-satisfied, the appellants have filed the instant appeal. However, the appellants instead of depositing the amount of penalty of Rs. 25,000/-imposed upon them, as required under Section 129E of the Customs Act, moved an application for waiving the condition of pre-deposit of the amount of penalty in terms of the proviso to the said Section. In the said application the appellants, inter alia, prayed that the operation of the impugned order be stayed by waiving the condition of pre-deposit of the amount of penalty imposed. The said application was taken up for hearing on 11-5-1987. Shri T.V. Krishnamurthy, learned consultant appeared on behalf of the appellants and prayed that the goods in q....
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....Smt. Nisha Chaturvedi, learned SDR appeared for the respondent. After hearing both the sides we dismissed the appeal with the direction that detailed order will follow. Here are our reasons. 3. At the time of hearing Shri Rajiv Garg, learned Advocate for the appellants submitted that the appellants have already filed their Special Leave Petition against the said order dated 11-5-1987 in the Hon'ble Supreme Court of India raising some alleged substantial questions of law and therefore any further hearing in the instant appeal be kept in abeyance till the disposal of the Special Leave Petition by the Hon'ble Supreme Court. Shri Rajiv Garg, learned Advocate also drew our attention to the fact that the appellants have also made the same p....
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....ng the deposit of penalty or duty; but when sub-section (1) of Section 129 makes it obligatory on an appellant to deposit the duty or penalty pending the appeal and if a party does not comply either with the main sub-section or with any order that may be passed under the proviso the appellate authority is fully competent to reject the appeal of non-compliance with the provisions of Section 129(1). That is exactly what the first respondent has done in this case. Accepting the contention of Mr. Trevedi will mean that the appeal will have to be kept on file for ever even when the requirement of Section 129(1) has not been complied with. Retention of such an appeal on file will serve no purpose whatsoever because unless Section 129(1) is compli....
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....ts have already furnished the Bank guarantee for the amount of penalty of Rs. 25,000/- as contended by the appellants. She further submitted that there was no such direction or order by the Hon'bie High Court. She drew our attention to the interim order passed by the Hon'bie Delhi High Court dated 10th February, 1987 to show that by the said order while issuing notice for March 12, 1987 the Hon'bie Delhi High Court ordered that in the meanwhile the respondents are directed to release the goods of the petitioner against Licence No. 0438029 conditionally on the petitioner furnishing Bank guarantee for certain sum to the satisfaction of the Additional Collector of Customs concerned. She further submitted that in the absence of any stay order b....