2002 (7) TMI 492

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.... L. Narasimha Murthy, JDR, for the Respondent. [Order per : G.A. Brahma Deva, Member (J)]. - After hearing for some time with reference to the stay petition filed by the party we felt that the matter itself can be disposed of on the limited issue. Accordingly amount required to be deposited for the purpose of hearing the appeal is dispensed with and appeal was taken up for regular hearing wi....

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....f the imported CGs was deferred by the EPCG committee at its meeting held on 2-5-2002 till the judgment of the CEGAT is passed. 2. The Committee decided that though extension is permissible as per Policy, however, it could not take any decision to extend the EO period pending completion of the adjudicating proceedings initiated by the Customs Authority and finalization of the CEGAT procedu....

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....nery, the department was justified in passing the impugned order and denying the benefit. 4. On a careful consideration of the submissions made by both sides and taking into consideration that the matter for extension is pending before the DGFT we are of the view that the matter requires reconsideration. Following the ratio of the aforesaid decision, cited by the Counsel, this matter is al....