2003 (3) TMI 591

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....Respondent. [Order per : Gowri Shankar, Member (T)]. -  The application is for waiver of deposit of duly of Rs. 22,66,704/- and penalty of Rs. 22,50,000/-. 2. The applicant is a 100% export oriented unit engaged in the manufacture and export of twisted yarn and grey fabrics out of the material that is sometimes procured and sometimes imported. The duty has been  demanded on the g....

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....the Central Excise Act, but in accordance with the rate of duty prescribed in the tariff. That duty is nil. There is exemption of both basic duty and additional duty under the Additional Duties of Excise (Goods of Special Importance) Act, 1957. In the case of goods manufactured out of indigenous raw material, the benefit contained in Notification 8/97 will be available. 4. The departmental r....