2002 (10) TMI 701

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..... v Tandon, SDR, for the Respondent. [Order per : G.R. Sharma, Member (T)]. M/s. Punsumi Foils Components Ltd. have filed this application for waiver of pre-deposit of duty and penalty along with an appeal. 2. Arguing the case for the applicant Shri Randhir Singh, learned Counsel submits that the applicant is a 100% Export Oriented Unit and was under obligation to export specified quan .....

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..... at the depreciated value has not been taken into consideration. He submits that applicant may be directed to deposit at least a part of duty and penalty. 4. We have heard the rival submissions. In the instant case we note that goods valued over Rs. 2 crores are still with the Customs. The amount of duty on the goods is only a little more than Rs. 1.0 crore. Since substantially valued goods are s .....

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