1980 (8) TMI 92

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....s with the permission of the Textile Commissioner and had also chosen to avail of the compounded levy procedure for payment of duty at the normal rates on their production of loom basis in terms of Notification No. 41/65 as amended. Notification No. 41/65 inter alia provides that in the event of any reduction in the number of powerlooms authorised by the Textiles Commissioner, the licensee availin....

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....mits are liable to be cancelled" "whenever powerlooms are not found in existence with the permit holder". 2. The question that has arisen is whether in this situation the petitioner should pay normal rate of duty on the 4 looms which worked during the material period while the remaining 8 looms were dismantled or they should pay higher rate of duty at Rs. 125/- per loom on these 4 looms. The lo....