L. D. Textile Industries – Appellant
Versus
Commissioner of Customs, Ahmedabad – Respondent
Per Moheb Ali M. : These four appeals have been filed before the Tribunal in terms of Section 129-A of the Customs Act by the four captioned appellants. They arise out of the same Order No. 18/Collr./1986 dated 21.4.86 under reference F.No. VIII/10-12/Collr./85 passed by the Collector of Customs, Ahmedabad. They involve common points of law and hence they were heard together and are being disposed off by this common order.
2. The brief facts necessary for the consideration of these appeals are that M/s. L.D. Textiles Industries Limited obtained two advance licences under the Duty Exemption Scheme envisaged in Appendix 19 of the 1983-84 Import Policy. These licences were 296 2655 dated 5.8.83 for 512.50 M/Ts of Manmade fibres and 2963408 dated 4.6.84 for 2050 M/Ts of Man-made fibres with duty exemption benefit within the over-all limits of 550 and 2200 M.Ts. respectively. One of the conditions of these licences was that the licence holders should export 500 M.T. of man-made spun yarn of Rs. 75 lakhs of f.o.b. value and 2000 M.Ts. of manmade spun yarn valued at US $ 29,00,000/- as envisaged by the DEEC Scheme. Against the first import licence M/s. L.D. Textile Industries Limited
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