2007 (4) TMI 62

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....peal No.V-2(54)258/SRT-I/Div.V /2002/356 dated 3-2-2005. 2. Heard both sides. The relevant facts in brief are as follows: (a) The appellants company, a 100% EOU, has imported yarn, the raw material, without payment of duty for use in the manufacture of grey fabrics for export. (b) On 20-10-2000 when the officers visited the 100% EOU and commenced investigation it was noticed that register....

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.... intention to evade payment of duty. The seized goods which were provisionally released were subsequently used in the manufacture of grey fabrics and the finished goods were exported. In these circumstances, the demand of duty and imposition of penalty equal to the duty demanded on the raw materials were not warranted/justified. 4. I have carefully considered the submissions. I find that M/s Sa....