2002 (12) TMI 536 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi heard a case where the applicants sought waiver of pre-deposit of duty and penalty. The applicants, a 100% export oriented unit manufacturing cotton yarn, were challenged by Revenue for exceeding the 50% limit on DTA sales. The Tribunal found in favor of the applicants based on relevant Exim Policy provisions, waiving the pre-deposit for appeal hearing. Case adjourned to 29-1-2003 for further arguments.