1993 (12) TMI 151

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....or the Respondent. [Order per : R. Jayaraman, Member (T)]. - For hearing the applicant's appeal on merits, they are required to deposit Rs.1,10,07,719/- towards duty and a penalty of Rs. 50 lakhs. Their plant and machinery have been ordered confiscation but allowed redemption on payment of fine of Rs. one lakh vide Collector's order No. V 184115-14-1/92 dated 15-6-1993. 2. The issue involved i....

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....s Ltd. We have held prima facie that even going by the Note No. 6 of Section XVI, when it is not disputed that both the plain rollers as well as the grooved rollers fall under the same Tariff Heading 84.55, it is clear that at the time of clearance of these rollers from the factory on payment of duty, they have been treated as having acquired the essential character ready for direct use on the mac....