Customs exemption available to PET granules under input category used during manufacture of moulds

ASB International Pvt Ltd Vs Commissioner of Central Excise (CESTAT Mumbai) CESTAT Mumbai held that customs exemption in terms of notification no. 52/2003-Cus dated 31st March 2003 is duly available to ‘polyethylene (PET) granules’ under input category as used during manufacture of ‘moulds’. Facts- The present appeal is filed by M/s ASB International against confirmation of demand of ₹ 68,75,451 and demand of ₹ 3,88,600 u/s. 28 of Customs Act, 1962, along with interest thereon u/s. 28AA of Customs Act, 1962, and imposition of penalties of like amount u/s. 114A of Customs Act, 1962....