https://www.taxtmi.com/caselaws?id=94126 Differential duty on goods reclassified under a higher tariff heading for a period before the show cause notice was upheld, because the validating provision in the Finance Act, 2000 authorised recovery on that basis despite the earlier classification position. Penalty for the alleged Modvat violation was set aside, since the input shortage was admitted and the related credit had already been reversed before the notice. The duty demand therefore stood confirmed, while the penal consequence was held unsustainable. en-us Thu, 05 Oct 2000 00:00:00 +0530 Sat, 19 Nov 2011 12:21:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94126 Differential duty on goods reclassified under a higher tariff heading for a period before the show cause notice was upheld, because the validating provision in the Finance Act, 2000 authorised recovery on that basis despite the earlier classification position. Penalty for the alleged Modvat violation was set aside, since the input shortage was admitted and the related credit had already been reversed before the notice. The duty demand therefore stood confirmed, while the penal consequence was held unsustainable. Case-Laws Central Excise Thu, 05 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94126