https://www.taxtmi.com/caselaws?id=121541 The Appellate Tribunal CESTAT, Chennai addressed the denial of DEPB credit amounting to over Rs. 1.76 crores to the appellants and confirmed demand under Section 28(2) of the Customs Act. The Tribunal found that the recovery of irregularly availed DEPB credit falls under the jurisdiction of the licensing authority, not Customs. Consequently, waiver of predeposit and stay of recovery were granted for the DEPB credit and penalties imposed on the appellants. The applications were allowed, and an expedited hearing was scheduled due to the significant stakes involved. en-us Thu, 05 Apr 2007 00:00:00 +0530 Tue, 31 Jul 2012 14:00:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121541 The Appellate Tribunal CESTAT, Chennai addressed the denial of DEPB credit amounting to over Rs. 1.76 crores to the appellants and confirmed demand under Section 28(2) of the Customs Act. The Tribunal found that the recovery of irregularly availed DEPB credit falls under the jurisdiction of the licensing authority, not Customs. Consequently, waiver of predeposit and stay of recovery were granted for the DEPB credit and penalties imposed on the appellants. The applications were allowed, and an expedited hearing was scheduled due to the significant stakes involved. Case-Laws Central Excise Thu, 05 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121541