2013 (10) TMI 1257

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..... ocates For the Respondent: Shri K.S.V.V. Prasad, JC (AR) ORDER Per P.K. Das; 1. All the applications are arising out of a common order and, therefore, all are taken up together for disposal. 2. Applicant No.1 filed this application for waiver of predeposit of duty of Rs.1,30,44,357/- and penalty along with interest. Other applicants have also filed applications for waiver of predeposit of pen .....

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..... therefore it is classifiable under Chapter Heading 71.08 covered by Notification No.62/04 dt. 12.5.04. M/s. ICICI Bank Ltd. paid duty of Rs.25.87 Crores and filed appeal as mentioned above. Apart from that, the applicant also directly imported which is the subject matter of the present application. 5. Ld. advocate submits that on the entire quantity imported through ICICI Bank Ltd., there is a d .....

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..... contention of the applicant is that they imported large quantity specially ordered and freshly minted in Germany for commemorating events or distribution during celebration. The manufacturer and supplier confirmed that they have manufactured against order and such goods have no numismatic value. On the other hand, Revenue contended that they declared in Airway Bills it has numismatic value. Thus, .....

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