2006 (1) TMI 369

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..... rder per : Chittaranjan Satapathy, Member (T)]. Heard both sides. The appellants are a 100% E.O.U. They have obtained duty free POY, converted the same by texturising to PTY which has been removed for weaving to various job workers and grey fabrics have been received back and the same have been cleared as deemed export under CT-3 certificates. The appellants applied for on 27-11-2000 to the .....

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..... m, the appellants have been asked to pay over Rs. 56 lakhs towards duty on the PTY cleared to the job workers and additionally Rs. 26.5 lakhs being the duty on the POY which was the raw material. The adjudicating Commissioner has also imposed penalty of over to Rs. 82.5 lakhs on the appellant-company and Rs. 5 lakhs and Rs. 2 lakhs on the other two appellants who are Directors in the appellant-com .....

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