https://www.taxtmi.com/caselaws?id=233536 Imported substances used only as processing aids in yarn manufacture, and consumed in very small quantities, were treated as consumables rather than raw materials, supporting the view that the concessional notification could still apply. On that basis, the suppression and extended-limitation controversy was regarded as highly debatable, and the assessee's sick-unit status and takeover of assets reinforced hardship. Insistence on a substantial pre-deposit was therefore not justified, and full waiver of pre-deposit was granted while the Tribunal's deposit direction was set aside. en-us Wed, 28 Mar 2012 00:00:00 +0530 Sat, 04 May 2013 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233536 Imported substances used only as processing aids in yarn manufacture, and consumed in very small quantities, were treated as consumables rather than raw materials, supporting the view that the concessional notification could still apply. On that basis, the suppression and extended-limitation controversy was regarded as highly debatable, and the assessee's sick-unit status and takeover of assets reinforced hardship. Insistence on a substantial pre-deposit was therefore not justified, and full waiver of pre-deposit was granted while the Tribunal's deposit direction was set aside. Case-Laws Customs Wed, 28 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233536