https://www.taxtmi.com/caselaws?id=238224 The Appellate Tribunal CESTAT New Delhi granted the appellant's stay petition, waiving the pre-deposit of duty and penalty amounting to Rs.78,53,643 imposed for the re-export of LCD panels classified under a different heading than initially imported. The Tribunal ruled in favor of the appellant, emphasizing the genuine intention to use the panels for manufacturing LCD televisions, despite their re-export without use. The decision highlighted the appellant's eligibility for concessional duty based on intended use, not actual use, and referenced relevant legal precedents and rules supporting the appellant's position. The stay petition was unconditionally allowed on 02.07.2013. en-us Tue, 02 Jul 2013 00:00:00 +0530 Fri, 18 Oct 2013 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238224 The Appellate Tribunal CESTAT New Delhi granted the appellant's stay petition, waiving the pre-deposit of duty and penalty amounting to Rs.78,53,643 imposed for the re-export of LCD panels classified under a different heading than initially imported. The Tribunal ruled in favor of the appellant, emphasizing the genuine intention to use the panels for manufacturing LCD televisions, despite their re-export without use. The decision highlighted the appellant's eligibility for concessional duty based on intended use, not actual use, and referenced relevant legal precedents and rules supporting the appellant's position. The stay petition was unconditionally allowed on 02.07.2013. Case-Laws Customs Tue, 02 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238224