2003 (7) TMI 513

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....sultant, for the Appellant. Shri A. Chopra, JDR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - Duty of Rs. 39.45 lakhs approximately (out of which Rs. 5 lakhs has been deposited) and penalty of Rs. 41.45 lakhs approximately are required to be deposited by the assessee, and penalty of Rs. 5 lakhs to be deposited by Pankaj Rungta, the assessee's director. 2. The dut....

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....c and Technical Terms as "a continuous strand of two or more plies of carded or combed fibres twisted together, or a single filament of natural or synthetic fibres used for weaving or knitting". The Explanatory Notes to the Harmonised System of Nomenclature explain, in the notes to heading 54.04 which is for synthetic filament yarn other than sewing thread, including synthetic monofilament of less....