https://www.taxtmi.com/caselaws?id=115548 Revenue could not sustain the larger customs demand under Notification No. 203/92-Cus because the alleged contraventions were not proved on evidence: the Modvat credit reversal was accepted for the relevant period, the export product remained within the applicable EXIM norm, and diversion, sale of imported inputs, or transfer of licences was not established. The associated duty demand and related penalties on that count were therefore set aside. By contrast, duty on imported Calcium Silicide was sustained because the goods were admittedly used for domestic manufacture and disposed of without the required policy permission; the assessee had also accepted and paid the duty liability. The assessee's penalty was reduced as excessive, while the director's penalty was upheld. en-us Fri, 10 Jun 2005 00:00:00 +0530 Wed, 30 May 2012 17:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115548 Revenue could not sustain the larger customs demand under Notification No. 203/92-Cus because the alleged contraventions were not proved on evidence: the Modvat credit reversal was accepted for the relevant period, the export product remained within the applicable EXIM norm, and diversion, sale of imported inputs, or transfer of licences was not established. The associated duty demand and related penalties on that count were therefore set aside. By contrast, duty on imported Calcium Silicide was sustained because the goods were admittedly used for domestic manufacture and disposed of without the required policy permission; the assessee had also accepted and paid the duty liability. The assessee's penalty was reduced as excessive, while the director's penalty was upheld. Case-Laws Customs Fri, 10 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115548