1995 (2) TMI 231

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..... [ Order per : K.S. Venkataramani, Member (T)]. This is an application for dispensing with the pre-deposit of duty of Rs. 2,44,168/- demanded from the applicants herein by the Assistant Collector of Central Excise, Division III, Ghaziabad which has been upheld by the Collector of Customs and Central Excise (Appeals), Ghaziabad in the impugned order dt. 31-10-1994. 2. Shri Rajesh Chhibber, .....

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..... 72) E.L.T. 492 where similar articles Tribunal had held classification would be under Chapter 73. Financially, the Learned Counsel pleaded, that the pre-deposit of duty cause them due hardship because as per their balance sheet for the period in the 31st March, 1994 suffered an accumulated loss of over Rs. 2,00.000/- 3. Shri Somesh Arora, the Learned SDR opposed this stay and referred to the det .....

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..... ave arrived at the loss after providing for a generous depreciation. 4. We have carefully considered the submissions made by both the sides. On prima facie view of the issue under dispute, we are inclined prima facie to agree with the submissions made by the Learned DR that the goods in this case would appear to be in a semi-finished stage and in such a condition their classification under Chapt .....

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