9911796707
TMI Blog2012 (4) TMI 571X X X X Extracts X X X X X X X X Extracts X X X X ..... al Excise Tariff. For manufacture of finished products for export, they had received indigenous capital goods and spare parts and accessories free of Central Excise duty and also some imported spare parts and accessories free of customs duty. They were allowed to be debonded by the Development Commissioner. In terms of the provisions of Central Excise Exemption Notification No. 22/2003-C.E., dated 31-3-2003 and Customs Duty Exemption Notification No. 52/2003-Cus., dated 31-3-2003, a 100% EOU at the time of debonding was required to pay Central Excise duty on the indigenous goods and customs duty on the duty free imported goods as per the provisions of Condition of the Exemption Notification No. 2/2003-C.E. and Condition No. 8 of Notificatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... capital goods, at the time of debonding the customs duty at the rate in force on the date of debonding/clearances would have been chargeable. There is no dispute that in terms of provisions of both these Notifications read with the provisions of Exim Policy, a 100% EOU at the time of debonding can be allowed to migrate to EPCG Scheme provided it has positive NFE. However, while the rate of customs duty chargeable on the capital goods imported under EPCG scheme has been prescribed under Notification No. 64/2008-Cus. issued under Section 25(1) of the Customs Act, 1962 and the same along with the education cess is 3.09%, on Central Excise side, there is no such parallel notification issued under Section 5A of Central Excise Act, 1944, prescri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has been directed to deposit a sum of ₹ 2,00,00,000/- (Rs. 2 Crores) only, out of the demand of ₹ 6,61,96,227/- within a period of eight weeks. On the deposit being made, the requirement of pre-deposit of balance amount of duty and interest shall stand waived and recovery thereof stayed till the disposal of the appeal. We have heard learned counsel for the petitioner. Counsel has submitted that the demand was illegal as the Commissioner has himself demanded lessor amount. Later on, show cause notice could not have been issued. He has also submitted that the demand was impermissible. In view of the reasonings employed by the Tribunal, we are not inclined to make any interference in such matters when pre-deposit is requi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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