2006 (2) TMI 426 - AT - Customs

Summary

The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellants, an EOU, stating that duty on imported raw materials cannot be demanded when used in manufacturing final products or resulting in waste cleared at appropriate duty rates. Citing the case of Euro Cotspin Ltd., the tribunal granted complete waiver of pre-deposit and stay of recovery pending appeal. Application disposed accordingly.