Unfortunately tar does not work like that - the file has been saved using relative pathnames. This means that you can restore it back to your system RELATIVE to your current location - so if you are in /home/hsingh when you restored, the file would be restored to /home/hsingh/data70/live/export/aud_data_export.lis
so that is to say that you can't actually specify the exact location of where the file is to be restored to.
So, change to the directory where you want it to be restored (your home directory?), then use:
tar -xf /dev/rmt1 ./data70/live/export/aud_data_export.lis
Hope it helps,
Dave V.