https://www.taxtmi.com/caselaws?id=122115 The Tribunal ruled in favor of the applicant, holding that the insurance claim for the damaged gear box should not be subject to Central Excise duty. The Tribunal found that the insurance claim cannot be equated with the sale proceeds of the gear box due to its condition after prolonged use in the factory. An interim stay was placed on the Commissioner (Appeals) order, waiving the pre-deposit requirement, and the appeal was scheduled for a future hearing. The Tribunal disposed of the application on 29th September 2006. en-us Fri, 29 Sep 2006 00:00:00 +0530 Wed, 08 Aug 2012 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122115 The Tribunal ruled in favor of the applicant, holding that the insurance claim for the damaged gear box should not be subject to Central Excise duty. The Tribunal found that the insurance claim cannot be equated with the sale proceeds of the gear box due to its condition after prolonged use in the factory. An interim stay was placed on the Commissioner (Appeals) order, waiving the pre-deposit requirement, and the appeal was scheduled for a future hearing. The Tribunal disposed of the application on 29th September 2006. Case-Laws Central Excise Fri, 29 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122115