https://www.taxtmi.com/caselaws?id=87126 In a penalty matter arising from shortage of duty-free imported raw material under the DEEC scheme, the Tribunal held that full waiver of pre-deposit was not justified because the applicants had not satisfactorily accounted for the imported material or rebutted the recorded shortage. The asserted export obligation compliance and inter-transfer of inputs between advance licences were not enough at the interim stage, although the construction of the notification was left for examination in the appeal. Full waiver was declined, and the applicants were required to deposit Rs. 2 lakh, after which recovery of the remaining penalty was stayed. en-us Mon, 22 Sep 1997 00:00:00 +0530 Fri, 02 Sep 2011 18:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87126 In a penalty matter arising from shortage of duty-free imported raw material under the DEEC scheme, the Tribunal held that full waiver of pre-deposit was not justified because the applicants had not satisfactorily accounted for the imported material or rebutted the recorded shortage. The asserted export obligation compliance and inter-transfer of inputs between advance licences were not enough at the interim stage, although the construction of the notification was left for examination in the appeal. Full waiver was declined, and the applicants were required to deposit Rs. 2 lakh, after which recovery of the remaining penalty was stayed. Case-Laws Customs Mon, 22 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87126