1995 (11) TMI 227 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Bombay granted stay against the Order-in-Appeal passed by the Collector (A) in a case involving DEEC licence transfer and Modvat credit. The Tribunal found that the benefit of duty free import under the transferred licence cannot be denied, despite the violation of Condition No. (vi) of Customs Notification 204/92. The Tribunal directed the applicant to provide a personal bond covering the duty amount for securing the revenue.