Thursday, 30 July 2015

New pre-deposit requirement would not apply to disputes commenced before 6-8-2014

Excise & Customs : Right of appeal is governed by law prevailing at date of institution of suit/proceeding and not by law that prevails at date of its decision or date of filing of appeal; hence, where litigation between assessee and department commenced prior to 6-8-2014, new 7.5 per cent/10 per cent mandatory pre-deposit would not apply

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