2015 (1) TMI 494

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....dhyay, Consultant For the Respondent : Shri S.P.Pal, Appraiser (A.R.) ORDER Per Dr. I. P. Lal 1. This is an Application filed seeking waiver of pre-deposit of Central Excise duty of Rs. 1,39,786/-, interest (not quantified) and the penalty of equal amount imposed on the assessee under Section 11AC of the Central Excise Act, 1944. 2. The Ld.Consultant appearing for the Applicant has ....

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....pt that the project was not approved by the Govt. of India. He invited attention to the certificate granted by the Secretary to the Government, Finance Deptt., Govt. of Tamil Nadu, Chennai at page 13 of the paper book which shows that the work was executed under World Bank assistance vide Loan No.LN 4798-IN. On the said certificate name of the Applicant has been shown for supply of the materials u....

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.... 4. After hearing both sides we find that the Notification No.108/95 as amended exempts the goods supplied to an international organization listed in the Annexure appended below, the said Notification for use in a project  that has been approved by the Government of India and financed (whether by a loan or a grant) by such an organization. The Notification stipulates that exemption Notific....