1996 (4) TMI 290

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..... [Order per : P.C. Jain, Member (T)]. By the impugned order, a duty amount of Rs. 9,15,603.80 and a penalty of Rs. 3,600 has been confirmed against the Applicants. 2. The issue involved herein is that the Applicants are manufacturing straight reel hank yarns from yarn spun and taken on spindles without payment of duty at the spindle stage. Since there was an exemption Notification 53/91-C .....

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..... y) for the first five months starting from 1st June, 1996. The sixth and last instalment shall cover an amount of Rs. 1,65,603.80 (Rupees one lakh sixty-five thousand six hundred three and paise eighty only). On the aforesaid compliance being made by the Applicants, the amount of penalty of Rs. 3,600/- shall stand waived during the pendency of the Appeal. 4. Matter to come up for ascertaining co .....

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