2014 (1) TMI 1668

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....nal, New Delhi (the Tribunal) dated 13-11-2006, allowing the appeal of M/s. Uniworth Textiles Limited (the Assessee). THE FACTS 2. The Assessee manufactures woollen fabrics from polymer yarn and is 100% Export Oriented Unit (EOU). 3. A search was conducted on 1-5-1996 and an unexplained stock of 793.520 kgs of Poly Wool Yarn valued at Rs. 3,17,000/- was found in the premises of the As....

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....he Tribunal. It was allowed on 13-11-2006. Hence the present appeal by the Department. THE DECISION 8. We have heard counsel for the parties. 9. This appeal was admitted on 3-8-2011 on the following substantial question of law : 'In view of the unexplained excess of 795.520 Kgs of Polywool yarn valued at Rs. 3,17,000/- found in the premises of the respondent, a 100% Export Oriented U....