1998 (1) TMI 194

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....he Respondent. [Order]. - This is an application for waiver of duty demand of Rs. 3,74,726.68. The ld. Consultant appearing on behalf of the applicants submitted that in this case, the applicants were clearing goods under approved classification list during the period 1-4-1995 to 17-8-1995. He submitted that thereafter on 14-5-1995, a show cause notice was issued for modifying the C/List. Af....

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.... notification. He further submitted that BIFR vide order dated 19-9-1997 held that the applicants' company had become a sick industrial company in terms of Section 3(1)(o) of the Sick Industrial Companies (Special Provision) Act, 1985. He therefore, prays that the amount of duty demanded in the order be stayed. 2. Shri A.M. Tilak, JDR appearing on behalf of the respondent submitted that ea....

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....ted to six months from the date of finalisation of the C/List. He therefore, prays that the application be dismissed. 3. Heard both sides. In this case, the applicants were clearing the goods under the approved classification list. If the goods were cleared under provisional approved C/List then the applicants are duty bound to furnish a bond. In this case, no such bond was furnished or de....