https://www.taxtmi.com/caselaws?id=126515 The Appellate Tribunal CESTAT, CHENNAI granted the application for waiver of pre-deposit of duty and penalty amounting to Rs. 26,78,241/- and Rs. 5,25,000/- respectively under the Project Imports Regulations, 1986. The central issue was the denial of project import benefit to a single machine, "Extruder ZSK 58 MEGA Compounder with standard accessories," imported for substantial expansion of an industrial plant. The Tribunal found no provision disallowing project import benefit to a single machine in the regulations and considered the imported machinery's purpose for expansion. Consequently, the Tribunal granted an unconditional waiver of the pre-deposit of duty and penalty, staying the recovery during the appeal. en-us Thu, 02 Jul 2009 00:00:00 +0530 Wed, 21 Nov 2012 16:49:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126515 The Appellate Tribunal CESTAT, CHENNAI granted the application for waiver of pre-deposit of duty and penalty amounting to Rs. 26,78,241/- and Rs. 5,25,000/- respectively under the Project Imports Regulations, 1986. The central issue was the denial of project import benefit to a single machine, "Extruder ZSK 58 MEGA Compounder with standard accessories," imported for substantial expansion of an industrial plant. The Tribunal found no provision disallowing project import benefit to a single machine in the regulations and considered the imported machinery's purpose for expansion. Consequently, the Tribunal granted an unconditional waiver of the pre-deposit of duty and penalty, staying the recovery during the appeal. Case-Laws Customs Thu, 02 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126515