https://www.taxtmi.com/caselaws?id=80532 Retrospective exemption and the MODVAT-based exemption scheme were treated as sufficient to justify interim relief against recovery of duty demand and penalty. The appellants relied on later exemption notifications covering captively consumed inputs and on the retrospective operation of the amended framework; in that stay context, the earlier approved classification list and missing records were not treated as decisive. Applying the view that a demand should not be enforced where retrospective legislation alters the duty position, CEGAT found a prima facie case and granted unconditional stay with waiver of recovery. en-us Tue, 10 Apr 1990 00:00:00 +0530 Fri, 17 Jun 2011 15:11:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80532 Retrospective exemption and the MODVAT-based exemption scheme were treated as sufficient to justify interim relief against recovery of duty demand and penalty. The appellants relied on later exemption notifications covering captively consumed inputs and on the retrospective operation of the amended framework; in that stay context, the earlier approved classification list and missing records were not treated as decisive. Applying the view that a demand should not be enforced where retrospective legislation alters the duty position, CEGAT found a prima facie case and granted unconditional stay with waiver of recovery. Case-Laws Central Excise Tue, 10 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80532