2014 (1) TMI 682

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....s; The applicant has filed this application for waiver of pre-deposit of duty of Rs.11,33,862/- and penalty of Rs.1.00 lakh along with interest. 2. Heard both sides and perused the records. 3. The applicant is a 100% EOU engaged in the manufacture of cotton yarn. They have cleared the goods to another EOU in DTA. As per EXIM Policy 1997-2002, they are entitled to clear 50% of the FOB valu....

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....gh Court will be pleased to stay the proceedings, by way of issue of Show Cause Notice bearing No. 342/2003 dated 20.5.2003 which is pending adjudication before the fifth respondent and by way of appeal against the Order-in-Appeal No. 11/2011 dated 21.2.2011 which is bearing the Appeal No. E/284/2011 and currently pending before the fourth respondent, (in MP No. 2/2011) pending disposal of the abo....