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2003 (7) TMI 409

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..... M/s. Collection Veenam, C-38, MDA, Muradabad, UP (hereinafter referred to as applicant) is a manufacturer and exporter of brass handicrafts. The applicant has obtained an advance licence No. P/L/0168604 dated 11-9-1998 under DEEC Scheme for importing: 796 MT of brass scrap for CIF value of Rs. 2.81 crores. Total duty foregone on the imports made under the advance licence in question is Rs. 1 .....

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..... the Customs Act, 1962. 3. The applicant filed an application for settlement of the issues raised vide the subject SCN with a prayer that the obligation under the licence may be accepted to have been discharged as the applicant had fulfilled the export obligation in terms of value and has also met the export obligations in terms of quantity approximately up to 30% as the percentage of wastage out .....

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..... nnexures of the application where in column Nos. 1 and 2, there is an entry which is shown as N.A. which stands for Not Applicable as clarified by the Advocate. It is also submitted in column 3 entry of Annexure which reads as under :- There is no duty liability as such as the appellant has fulfilled the export obligations in terms of the value . 7. The Commission has gone through the case .....

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