2002 (11) TMI 458 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai upheld the denial of exemption under Notification No. 8/97 for a hundred per cent E.O.U. The appellants claimed exemption under Notification No. 2/95, challenging the duty computation by the Commissioner. The Tribunal directed a pre-deposit of Rs. 60 lakhs by 30-12-2002, with the balance duty and penalty waived until appeal disposal, considering financial difficulty and debatable valuation issues.