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Issues involved: Interpretation of export obligation under advanced license - Pre-deposit requirement u/s para 13 of the impugned order.
The judgment by the Appellate Tribunal CESTAT NEW DELHI, delivered by Mr. D. N. Panda, Judicial Member, and Mr. Rakesh Kumar, Technical Member, addressed the issue of export obligation under advanced license. The appellant failed to appear despite notices, leading to a decision without their presence. The Revenue argued that the export obligation was quantity-based, while the appellant claimed it was value-based. The Commissioner's observations and subsequent analysis concluded that the obligation was quantity-based, justifying the demand raised under para 13 of the order. After hearing the Revenue and reviewing the records, the Tribunal found no merit in the appellant's arguments and upheld the pre-deposit requirement. The appellant was directed to comply with the demand within four weeks from the date of the judgment.
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