No duty leviable if raw material is destroyed within the unit after intimation to Customs authorities

Biocon Limited Vs Commissioner of Central Tax (CESTAT Bangalore) Brief facts leading to the present dispute, inter alia, are that the appellant is a 100% Export Oriented Unit (EOU); that the appellant had procured raw materials/inputs for the purpose of manufacture and export of its final products; that the importation of raw materials were allowed duty-free by virtue of Notification No.52/2003-CUS dated 31.03.2003; that the appellant had also procured certain indigenously manufactured goods duty-free as per Notification No.22/2003-CE dated 31.03.2003; that the obvious purpose of these procure...