2012 (9) TMI 420

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..... ed for the waiver of pre-deposit of an amount of Rs.10,70,928/-, interest thereof and equivalent amount of penalty.   2. The above said amounts have been confirmed by the adjudicating authority and upheld by the first appellate authority as an amount payable @ 8%/10% of the value of the exempted goods cleared by the appellant and interest thereof and penalties were imposed holding that the g .....

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..... osal.   5. On perusal of the records, we find that the issue involved in this case is regarding the clearance of finished goods to an SEZ developer by not discharging the duty liability and clearing the same under bond/LUT. Both the lower authorities are of the view that the appellant having availed the benefit of exemption of non payment of duty liability on the goods cleared to SEZ develop .....

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