Assessee's 100% EOU Meets Value Addition Norms; No Breach of Exemption Conditions, Demand Unsustainable Under Export-Import Policy.

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....100% EOU - Since it is an admitted fact that the respondent assessee had achieved value addition norms of about 25% and if we go by the minimum percentage of value addition prescribed in the exim policy, it is found that there has not been any substantial violation of value addition norms by the respondent’s 100% EOU. Thus there are no violation of the conditions of the exemption notification. - No demand can sustained - AT....