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TMI Blog2004 (4) TMI 441X X X X Extracts X X X X X X X X Extracts X X X X ..... Shri L. Narasimha Murthy, SDR, for the Respondent. [Order per : S.L. Peeran, Member (J) (Oral)]. The Misc. application has been filed by the appellants in terms of Public Notice issued by the Hon ble President granting permission to the parties to file appeal within the jurisdiction in which their business is conducted and where their Head Office and Factory are located. The appellant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iled to fulfil the export obligation specified in respect of several such licences. They had sold the entire quantity of imported mulberry raw silk of 55,919.67 Kgs under various licences to the local parties and they had not deposited the duty after having availed the benefit of the Notification. Hence, proceedings were initiated. The liability to pay duty was also enforced in view of the bond ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs. 2,06,14,675/-, except the demand of Rs. 92,29,747/-. However, they admit that the bond was valid and was in existence and had not been discharged. The learned Counsels admit that the duty amount of Rs. 92,29,747/- is required to be deposited by them. They pray for time to deposit that amount. 4. Learned SDR pointed out that the demands are not time barred as they had executed bonds and the b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Export Obligation. They have admitted about the import of the goods stated above and about their having sold the goods in the local market. They ought to have cleared the duty when they realized the sale consideration on sale of the imported goods. The Commissioner has noted that they have not discharged the bonds and legal undertakings before the licencing authorities. The bond was in existenc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ill deposit Rs. 25,000/- (Rupees twenty-five thousand only), Shri T.N. Nagesh Kumar shall also deposit an amount of Rs. 25,000/- (Rupees twenty-five thousand only). All the deposits shall be made within two months from today. It is made clear that if the amounts are not deposited, then the appeals will be liable for dismissal under Section 129E of the Act. Call on report of compliance on 28th June ..... X X X X Extracts X X X X X X X X Extracts X X X X
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