2005 (3) TMI 624

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..... Agrawal, Member (J) (Oral)]. This is an application by M/s. Vijayeswari Textiles Ltd. for waiver of pre-deposit of Central Excise Duty of Rs. 3,30,319/- and an equal amount of penalty. 2. Shri G. Suresh, ld. Consultant submitted that they are getting yarn under bond in terms of Rule 19 of the Central Excise Rules, 2002 for the purpose of manufacturing woven fabrics, which will be exported .....

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..... ot eligible to the benefit of exemption as condition No. 5 clearly warrants payment of appropriate duty on the inputs. 3. We have considered the submissions of both sides. In view of the decision of the Tribunal in the case of Parasrampuria Synthetics Ltd., the applicants have made out a strong prima facie case in their favour for waiver and stay of recovery of the entire amount of duty and pena .....

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