2001 (1) TMI 285 - AT - Customs

Summary

The case involved M/s. Jindal Vijayanagar Steel Ltd. setting up a steel plant under the EPCG Scheme. The company imported goods under the scheme but faced duty recovery due to discrepancies in the value of goods imported and amounts in agreements. The Tribunal found the loading of agreement amounts unjustified and waived pre-deposit for appeals under Customs Act, 1962. No coercive steps for recovery were allowed until further orders.