2007 (5) TMI 99 - AT - Customs

Stay/Dispensation of pre-deposit - Alleged that appellant (100% EOU) not entitle for benefit of Notification No. 53/97-Cus and liable to pay custom duty in respect of cotton waste cleared to DTA during impugned period - Held that allegation was not correct and set aside

Summary

The Appellate Tribunal CESTAT, Chennai ruled in favor of the appellants (100% EOU) regarding the demand of Customs duty of Rs. 3,63,120/- for cotton waste cleared to DTA. The demand was dropped as the goods were held to be excisable and the benefit of a specific notification was granted by the Commissioner at Central Excise. Waiver of pre-deposit and stay of recovery were granted for the duty amount.