2004 (7) TMI 488

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....he Respondent. [Order per : S.S. Sekhon, Member (T)]. - Heard both sides and considered. 2. The issue in this case is the interest on yarn contained in Gray Fabrics and penally imposed. Clearances were made during the period July, 1997 to December, 97 and Rule 49A procedure was not followed. The demands have been made under Section 11A and penalty by Rs. 5,000/- imposed under Rule 173Q. ....