https://www.taxtmi.com/caselaws?id=104794 Customs exemption under Notification No. 203/92-Cus. depended on proof that input-stage Modvat credit had not been availed or had been duly reversed where required. Because the quantum of credit reversal was still under verification and no final Central Excise certificate had been issued, the adequacy of compliance could not be conclusively assessed. The confirmation of customs demand and penalty was therefore set aside, and the matter was remanded for expeditious verification of the reversal amount, consideration of the certificate, and fresh adjudication after hearing the appellants. en-us Fri, 15 Mar 2002 00:00:00 +0530 Thu, 01 Mar 2012 12:49:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104794 Customs exemption under Notification No. 203/92-Cus. depended on proof that input-stage Modvat credit had not been availed or had been duly reversed where required. Because the quantum of credit reversal was still under verification and no final Central Excise certificate had been issued, the adequacy of compliance could not be conclusively assessed. The confirmation of customs demand and penalty was therefore set aside, and the matter was remanded for expeditious verification of the reversal amount, consideration of the certificate, and fresh adjudication after hearing the appellants. Case-Laws Customs Fri, 15 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104794