2008 (3) TMI 74

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.... duty to raw materials and components imported for manufacture of watch parts subject to the condition that the importer followed Customs (Import of goods at concessional rate of duty of manufacture of excisable goods) Rules, 1996 (ICMEGR).  As per the ICMEGR, the importer is required to register the manufacturing unit with the jurisdictional Assistant Commissioner/Dy. Commissioner, execute a bond with him to secure the differential duty in case of failure of utilization of imported goods for the intended purpose, periodically intimate the jurisdictional Assistant Commissioner/Dy. Commissioner, an undisputed quantity of goods that would be imported etc.  Titan had registered its unit at Hosur under the above rules.  However, ....

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....per the exemption notification.  3. Heard both sides.  4. We have carefully considered the facts of the case and submissions by both sides.  We find that the Tribunal in it's decision in Titan Industries Ltd. Vs. Commissioner of Customs, Bangalore reported in 2005 (191) ELT 748 (Tri.-Bang.), had held in a similar case involving the appellant held in the context of interpreting another notification that the imported goods continued to be eligible for the exemption benefit even if raw materials/components were used in another unit owned by the importer.  We find that even though the ICMEGR, the notification considered in that case did not extend the benefit subject to this ICMEGR.  The notification covering the ....