M/S. ALEX ENTERPRISES vs UNION OF INDIA .

The Supreme Court upheld the order of the Customs Excise and Gold Control Appellate Tribunal (CEGAT) requiring the appellants to pre-deposit Rs.42,00,000 under Section 129B of the Customs Act due to their failure to repatriate sale proceeds of export consignments. The Court found no merit in the appellants' claim for total waiver of the pre-deposit, as they had availed drawback on unearned proceeds. The Court emphasized the importance of compliance with the Tribunal's order for the appeal to be heard, thereby affirming the Tribunal's decision.