2011 (1) TMI 883 - AT - Customs

Demand - Duty is confirmed on the ground that Notification No. 34/97-Cus. dated 7.4.1997 did not cover Singanallur and therefore the assessees could not have utilized DEPB credit against the DEPB licences under which the goods were imported - Held that - DEPB scrip was registered at Singanallur and therefore the question of following TRA facility as per Circular No. 16/99 dated 7.4.1999 as amended by Circular No. 70/99 dated 6.10.1999 does not arise - Decided in favour of assessee.

Summary

The Appellate Tribunal CESTAT, CHENNAI ruled in favor of the appellants, setting aside a demand of customs duty of Rs.3,63,029/- on goods imported and cleared from Customs Bonded Warehouse at Singanallur. The tribunal found that the DEPB scrip was registered at Singanallur, allowing the utilization of DEPB credit by the assessees. The appeal was allowed.