1999 (9) TMI 308

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....ocates, for the Appellant.  Shri K.M. Patwari, JDR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - The application is for waiver of deposit of duty of Rs. 4.67 crores and penalty of Rs. 50 lakhs. 2. The applicant utilized in the manufacture of its final product, cleared for home consumption on payment of duty, inputs which had been received by it under a Custo....

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....1997 (95) E.L.T. 584. He further contends that the legal undertaking executed at the time of import under DEEC of the goods has been discharged, thus showing that the inputs in question have been utilised in the manufacture of the goods exported and thus could not have been used in the manufacture of these goods. 4. The Departmental Representative adopts the reasoning contained in the Comm....

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.... duty paid material The duty on the finished product was paid partly from the credit taken of the duty paid on the dutiable inputs and partly out of the balance in the personal ledger account. 6. In that situation, we are unable to see prima facie any ground on the levy of the duty. It is a well settled position that there is no direct correlation between input and finished product in the ....