https://www.taxtmi.com/caselaws?id=121359 The Bench ruled in favor of the company in settlement proceedings against two Show Cause Notices for alleged diversion of raw materials and duty evasion. The company admitted certain liabilities, including misrepresentation of export quantities, and argued for export obligation consideration and Cenvat credit eligibility. Duty liabilities were determined based on exports and Notification benefits, with limited Cenvat credit allowed. The company was directed to pay the balance duty amount with imposed interest. Immunities from penalty and prosecution were granted under the Customs Act, subject to compliance with settlement terms and disclosure of accurate information. en-us Mon, 31 Jul 2006 00:00:00 +0530 Mon, 30 Jul 2012 11:53:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121359 The Bench ruled in favor of the company in settlement proceedings against two Show Cause Notices for alleged diversion of raw materials and duty evasion. The company admitted certain liabilities, including misrepresentation of export quantities, and argued for export obligation consideration and Cenvat credit eligibility. Duty liabilities were determined based on exports and Notification benefits, with limited Cenvat credit allowed. The company was directed to pay the balance duty amount with imposed interest. Immunities from penalty and prosecution were granted under the Customs Act, subject to compliance with settlement terms and disclosure of accurate information. Case-Laws Customs Mon, 31 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121359