https://www.taxtmi.com/caselaws?id=114827 The Tribunal ruled in favor of the appellant in a case concerning the interpretation of exemption notifications related to wastage allowance for imported goods used in jewelry manufacturing. Despite falling short of the required 15% value addition, the appellant achieved 12.75% and was granted a proportionate wastage allowance. The Tribunal deemed the imposition of duty without allowing any wastage benefit unjust and set aside the penalty imposed under the Customs Act, citing the absence of evidence of deliberate misconduct by the appellant. en-us Tue, 14 Dec 2004 00:00:00 +0530 Mon, 21 May 2012 14:44:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114827 The Tribunal ruled in favor of the appellant in a case concerning the interpretation of exemption notifications related to wastage allowance for imported goods used in jewelry manufacturing. Despite falling short of the required 15% value addition, the appellant achieved 12.75% and was granted a proportionate wastage allowance. The Tribunal deemed the imposition of duty without allowing any wastage benefit unjust and set aside the penalty imposed under the Customs Act, citing the absence of evidence of deliberate misconduct by the appellant. Case-Laws Customs Tue, 14 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114827