2004 (4) TMI 512

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....Advocate and P.K. Mittal, Advocate, for the Appellant. Shri R.C. Sankhla, SDR, for the Respondent. [Order per : S.S. Kang, Vice-President]. -  Heard both sides. 2. The applicant filed this application for waiver of pre-deposit of duty of Rs. 2,77,61,571/- and Rs. 4,05,785/- and penalty of Rs. 50 lakh and Rs. 10,000/-. The contention of the applicant is that they are 100% Expo....

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....as the capital goods are imported without payment of duty. We have perused the copy of licence and the letter of permission produced by the applicant and there is no condition regarding value or quantity based export in a specific period. Therefore, letter of permission issued for 10 years is valid till 16th August, 2006. In these circumstances, we prima facie that the applicant had a strong case ....