1997 (6) TMI 186

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....for the Appellant. Shri Gurdeep Singh, JDR, for the Respondent. [Order per : K.S. Venkataramani, Member (T)]. - The present application is for waiver of duty of Rs. 44,53,487.65 and of a penalty of Rs. 2,00,000/- imposed on the applicants. 2. Shri Abrol appearing as the authorised representative of the applicants, being one of its Directors, submitted that the issue involved in th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... sister concern holding the licence under CET had surrendered the same which would support their case for classification. Shri Abrol referred to their balance sheet as on 31-3-1996 and pleaded that they had made loss over Rs. 58,000/- during the year and pre-deposit of duty and penalty would cause them undue hardship. 3. Shri Gurdeep Singh, the ld. DR for the department opposed the stay an....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....h shows that there is an amount of over Rs. 23 lakhs due to the applicants from the sundry debtors. The applicants also had a sales turnover which stood Rs. One crore in 1994. 4. We have carefully considered the submissions made. We agree with the ld. DR that the classification of glass and glassware in this case would be a contentious and arguable matter which has to be decided with refer....