https://www.taxtmi.com/caselaws?id=113717 The Tribunal, in a previous order, concluded that the appellants complied with the conditions of Notification 203/92, requiring only a specific amount of Modvat credit to be reversed. Subsequent corrections in the ROM order clarified the appellants' compliance, leading to the setting aside of the duty demand under Section 28 of the Customs Act, 1962, and the penalty imposed under Section 112(a) and Section 114(A) of the Act. The appeal was allowed, indicating that the penalty imposition and duty demand were unjustified based on the clarified interpretation of the notification requirements. en-us Fri, 10 Oct 2003 00:00:00 +0530 Mon, 07 May 2012 18:48:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113717 The Tribunal, in a previous order, concluded that the appellants complied with the conditions of Notification 203/92, requiring only a specific amount of Modvat credit to be reversed. Subsequent corrections in the ROM order clarified the appellants' compliance, leading to the setting aside of the duty demand under Section 28 of the Customs Act, 1962, and the penalty imposed under Section 112(a) and Section 114(A) of the Act. The appeal was allowed, indicating that the penalty imposition and duty demand were unjustified based on the clarified interpretation of the notification requirements. Case-Laws Customs Fri, 10 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113717