2002 (1) TMI 641 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai modified the order directing M/s. Ashima Denims to deposit Rs. 50 lakhs out of Rs. 1.27 crores duty demand and penalty. The Tribunal found substance in the contention that duty is payable only on the dyeing component of yarn. They directed a pre-deposit of Rs. 15 lakhs within four weeks, with the balance amount waived pending appeal. Compliance was to be reported by 7th February, 2002.