https://www.taxtmi.com/caselaws?id=114115 The Tribunal waived the pre-deposit of duties and penalties amounting to Rs. 82,61,696/- imposed on a 100% Export Oriented Unit (EOU) for clearing Texturised Yarn and Raw Material duty-free under Notification No. 1/95-C.E. The penalties imposed on the Managing Director and Executive Director were also waived, and recovery stayed pending appeals. The Tribunal accepted the argument that obtaining permission before clearing the yarn for weaving constituted no violation of notification conditions, granting relief to the appellants. en-us Fri, 03 Sep 2004 00:00:00 +0530 Fri, 11 May 2012 13:15:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114115 The Tribunal waived the pre-deposit of duties and penalties amounting to Rs. 82,61,696/- imposed on a 100% Export Oriented Unit (EOU) for clearing Texturised Yarn and Raw Material duty-free under Notification No. 1/95-C.E. The penalties imposed on the Managing Director and Executive Director were also waived, and recovery stayed pending appeals. The Tribunal accepted the argument that obtaining permission before clearing the yarn for weaving constituted no violation of notification conditions, granting relief to the appellants. Case-Laws Central Excise Fri, 03 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114115