2009 (5) TMI 779

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... spondent. [Order per : T.K. Jayaraman, Member (T) (Oral)]. The appellants are required to pre-deposit the following sums. (i) Duty of Rs. 2,59,39,995/- (ii) Redemption Fine of Rs. 50,00,000/- and (iii) Penalty of Rs. 25,00,000/-. 2. The appellants are holders of advance licence. For fulfilment of the export obligations, they exported sugar under the cover of 10 shipping .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... release order, the appellant is at liberty to procure sugar from four sources. In the said order dated 2-3-2006, there is a condition put that there will be no restriction on the inter-State movement of this sugar for export out of India. It is also very clear from para 7, which is as follows: This export of sugar is in fulfilment of the export obligation against the import of Raw Sugar for rep .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X