2009 (9) TMI 846

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...., for the Appellant. Shri R.K. Mahajan, Jt. CDR, for the Respondent. ORDER After examining the records, we note that, in adjudication of a show-cause notice dated 6-6-2008, the learned Commissioner demanded duty of over Rs.28.66 crores from M/s. Raymond Ltd. (assessee) for the period 9-7-2004 to 6-4-2008 and imposed on them equal amount of penalty. The adjudicating authority also imposed ....

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....e's argument that the exemption under the Notification was available only if the starting raw material is the staple fibre falling under heading 55.03/55.04. Their Lordships, having regard to the new tax regime brought in place by the Government through the Finance Act, 2004, construed the relevant expressions used in the Notification and held that Polyester Tops (falling under Heading 55.06) manu....

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....the Hon'ble High Court's judgment cited by the learned Counsel, submits that a recent amendment to Notification No. 30/04-C.E., was not before the Hon'ble High Court. He refers to a new entry (Sr. No. 10a) inserted in the Notification w.e.f. 10-7-2009 by amending Notification (No. 12/09-C.E). With reference to the provisions of the new entry added to Notification No. 30/04-C.E., learned Jt. CDR su....