https://www.taxtmi.com/caselaws?id=78316 The Appellate Tribunal CESTAT AHMEDABAD upheld the duty demand with interest on the clearance of Textile Machinery Parts to EPCG Licence holders without Central Excise duty payment. The penalties imposed on the appellants were set aside due to the misinterpretation of the law by both parties. The Tribunal emphasized the necessity of specific exemption Notifications for duty exemptions and clarified that legal fictions like deemed exports do not automatically grant such benefits without statutory provisions. en-us Wed, 17 Mar 2010 00:00:00 +0530 Wed, 09 Feb 2011 09:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78316 The Appellate Tribunal CESTAT AHMEDABAD upheld the duty demand with interest on the clearance of Textile Machinery Parts to EPCG Licence holders without Central Excise duty payment. The penalties imposed on the appellants were set aside due to the misinterpretation of the law by both parties. The Tribunal emphasized the necessity of specific exemption Notifications for duty exemptions and clarified that legal fictions like deemed exports do not automatically grant such benefits without statutory provisions. Case-Laws Central Excise Wed, 17 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78316