EOU Cleared Goods from DTA Without Authorization; Penalty Waived u/s 11AC for Duty Component.

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....100% EOU - Clearance of goods from Domestic Tariff Area – Authorization not taken or even applied – The petitioner was entitled to clear goods for sale to the DTA, though prospectively - Thus relief granted to the extent of penalty of an equivalent amount as the duty component, imposed u/s 11AC - AT....