https://www.taxtmi.com/caselaws?id=111617 Fiscal exemption notifications and amnesty schemes require strict compliance with their stated conditions, including any cut-off date for reversal of Modvat credit and payment of interest. The text explains that Notification No. 203/92-Cus. applied only where no input-stage credit was taken, and the Amnesty Scheme granted relief only if credit and interest were reversed and paid by the prescribed deadline. Belated payment of interest, even after reversal of credit, did not satisfy the scheme. On that analysis, duty liability remained enforceable and the withdrawal of proceedings was unsustainable. en-us Fri, 12 Dec 2003 00:00:00 +0530 Tue, 24 Apr 2012 13:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111617 Fiscal exemption notifications and amnesty schemes require strict compliance with their stated conditions, including any cut-off date for reversal of Modvat credit and payment of interest. The text explains that Notification No. 203/92-Cus. applied only where no input-stage credit was taken, and the Amnesty Scheme granted relief only if credit and interest were reversed and paid by the prescribed deadline. Belated payment of interest, even after reversal of credit, did not satisfy the scheme. On that analysis, duty liability remained enforceable and the withdrawal of proceedings was unsustainable. Case-Laws Customs Fri, 12 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111617