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TMI Blog2010 (12) TMI 144X X X X Extracts X X X X X X X X Extracts X X X X ..... Customs Notification No.111/95 dt. 5.6.95 as amended which is available to a manufacturer only when value of capital goods imported during the validity of import licence, is in excess of ₹ 20 crores - Assessee contended that the total value of plant and equipment imported against the licence in question was only ₹ 15,38,34,583 - Appeal is dismissed - C/68/03 & C/CO/62/03 - Final Ord ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... available to a manufacturer only when value of capital goods imported during the validity of import licence, is in excess of Rs.20 crores. Show-cause notice alleged that the correct value of plant and equipment imported from M/s.Pharmaplan was Rs.11,80,39,255/- (DM 52,95,900, after deducting ineligible amounts of services and utilities worth DM 14.05 lakhs, compensation amount of DM 17.50 lakhs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the correct value of goods supplied by M/s.Pharmaplan and extended the benefit of notification to the imported goods. As a consequence, he dropped proceedings initiated in the notice with the rider that, in case importers failed to fulfill export obligation within the stipulated period as per terms and conditions of the licence and the notification, the department was at liberty to recover duty to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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