2003 (10) TMI 586

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..... Uma Shankar, DR, for the Respondent. [Order per : Jyoti Balasundaram, Member (J)]. This is an application for waiver of pre-deposit of Rs. 24,75,996/- alleged to be wrongly availed credit and penalty of Rs. One lakh imposed upon the company under Rule 173Q and Rule 209 of the Central Excise Rules. The applicants herein who are manufacturers of bulk drugs had exported a quantity of Pseudo .....

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..... the provisions of Rule 97B which permits re-import of exported excisable goods for carrying out repairs, reconditioning, refining, re-making or subject them to any process similar to other process. In this view of the matter we hold that a prima facie case for waiver has been made out and hence dispense with the requirement of pre-deposit of the duty and penalty and stay recovery thereof, pending .....

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