TMI Blog2007 (1) TMI 44X X X X Extracts X X X X X X X X Extracts X X X X ..... 005 - Final Order No. 162/2007, - Dated:- 29-1-2007 - [Order per: T.K. Jayaraman, Member (J)]. - This appeal has been filed against Order-in-Appeal No. 120/2004-Cus (B) dated 16-11-2004 passed by the Commissioner of Customs (Appeals), Bangalore. 2. The appellants are a 100% EOU. In view of adverse market conditions, they wanted to go out of the scheme of 100% EOU. Therefore, they approached ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e is no provision for re-bonding, hence appeal was filed before the Commissioner (A). The Commissioner (A) has categorically held that there is no provision for re-bonding. He allowed the Departments appeal. The appellant is aggrieved over the impugned order. 3. Shri K. Krishnamurthy, learned Consultant appeared for the appellants. He said that though the unit got the permission for de-bonding ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e authorities on payment of applicable duties on all capital goods/raw materials/finished goods, etc., in stock and after canceling the customs licence. In the present case, these formalities had not been completed. Moreover, the de-bonding permission by the Development Commissioner has lapsed. Hence, the unit is continuing as EOU and that position has been confirmed by the Development Commissione ..... X X X X Extracts X X X X X X X X Extracts X X X X
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