https://www.taxtmi.com/caselaws?id=115528 Deemed credit under Notification No. 58/97-C.E. was treated as admissible for H.R. strips used in tube manufacture under the compounded levy scheme, requiring re-determination of duty on tubes after allowing that credit. Goods retained within the factory and not cleared from the place of manufacture were held not liable to confiscation, though H.R. strips transferred without duty remained liable; redemption fine was reduced and duty, penalty, and interest were sent for fresh quantification. Rebate granted for the closure period was directed to be adjusted against the duty liability. en-us Fri, 08 Apr 2005 00:00:00 +0530 Wed, 30 May 2012 17:11:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115528 Deemed credit under Notification No. 58/97-C.E. was treated as admissible for H.R. strips used in tube manufacture under the compounded levy scheme, requiring re-determination of duty on tubes after allowing that credit. Goods retained within the factory and not cleared from the place of manufacture were held not liable to confiscation, though H.R. strips transferred without duty remained liable; redemption fine was reduced and duty, penalty, and interest were sent for fresh quantification. Rebate granted for the closure period was directed to be adjusted against the duty liability. Case-Laws Central Excise Fri, 08 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115528