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2010 (9) TMI 196 - CESTAT AHMEDABADPenalty - 100% EOU - manufacture and export of Ultra Fine Magnet Wire - they were expected to fulfill the export obligations within a period of 10 years - appellants have not been able to fulfill their proportionate export obligations - Commissioner confirmed Customs duty in respect of capital goods and raw materials imported free of duty by the appellant - Held that: - note of the OIO No.66/2002-03, dt.17.3.03 passed by Development Commissioner, vacating the show cause notice, by arriving at a finding that inspite of the difficulties being faced by the appellant in international market, they have been able to achieve 192 % value addition in export - dropped the penal action against the appellant - remand the matter to Commissioner for fresh decision
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