2006 (1) TMI 369

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....Advocate, for the Appellant. Shri Vimlesh Kumar, SDR, for the Respondent. [Order per : Chittaranjan Satapathy, Member (T)]. -  Heard both sides. The appellants are a 100% E.O.U. They have obtained duty free POY, converted the same by texturising to PTY which has been removed for weaving to various job workers and grey fabrics have been received back and the same have been cleared as ....

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....proval to include weaving of grey fabrics. 2. In view of late issue of the corrigendum, the appellants have been asked to pay over Rs. 56 lakhs towards duty on the PTY cleared to the job workers and additionally Rs. 26.5 lakhs being the duty on the POY which was the raw material. The adjudicating Commissioner has also imposed penalty of over to Rs. 82.5 lakhs on the appellant-company and R....