https://www.taxtmi.com/caselaws?id=114806 Classification dispute over whether the product fell under heading 3824.90 or heading 25.05, with exemption claimed under Notification No. 4/94, was treated as a strong prima facie case for waiver. After taking Modvat credit into account, the duty liability was materially reduced, and the record also supported a bona fide belief that the product was exempt and correctly classifiable under heading 25.05. Those factors further strengthened the limitation plea. On that basis, unconditional waiver of pre-deposit of duty and penalty was granted. en-us Tue, 16 Nov 2004 00:00:00 +0530 Mon, 21 May 2012 13:00:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114806 Classification dispute over whether the product fell under heading 3824.90 or heading 25.05, with exemption claimed under Notification No. 4/94, was treated as a strong prima facie case for waiver. After taking Modvat credit into account, the duty liability was materially reduced, and the record also supported a bona fide belief that the product was exempt and correctly classifiable under heading 25.05. Those factors further strengthened the limitation plea. On that basis, unconditional waiver of pre-deposit of duty and penalty was granted. Case-Laws Central Excise Tue, 16 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114806