Substitution of new section for section 35F - Deposit of certain percentage of duty demanded or penalty imposed before filing appeal

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....e of duty demanded or penalty imposed before filing appeal.           "35F. The Tribunal or the Commissioner (Appeals), as the case may be, shall not entertain any appeal,-           (i) under sub-section (1) of section 35, unless the appellant has deposited seven and a half per cent. of the duty demand....

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....sp;         Provided that the amount required to be deposited under this section shall not exceed rupees ten crores:           Provided further that the provisions of this section shall not apply to the stay applications and appeals pending before any appellate authority prior to the commencement of the Finance....