https://www.taxtmi.com/caselaws?id=123300 The judgment addressed the demand of duty and penalty under Section 11AC of the Central Excise Act, amounting to over Rs. 75.00 lakhs, imposed on the appellants. The treatment of the assessee as an Export Oriented Unit (EOU) was disputed due to the expiration of their Letter of Permission validity period. The violation of Notification No. 1/95-C.E. conditions, payment of duty on capital goods and raw materials, settlement with the department, and availability of CENVAT credit on raw materials for duty payment on finished products were extensively discussed, leading to a potential waiver of pre-deposit and stay of recovery of duty and penalty amounts. en-us Mon, 21 Jan 2008 00:00:00 +0530 Tue, 11 Sep 2012 15:27:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123300 The judgment addressed the demand of duty and penalty under Section 11AC of the Central Excise Act, amounting to over Rs. 75.00 lakhs, imposed on the appellants. The treatment of the assessee as an Export Oriented Unit (EOU) was disputed due to the expiration of their Letter of Permission validity period. The violation of Notification No. 1/95-C.E. conditions, payment of duty on capital goods and raw materials, settlement with the department, and availability of CENVAT credit on raw materials for duty payment on finished products were extensively discussed, leading to a potential waiver of pre-deposit and stay of recovery of duty and penalty amounts. Case-Laws Central Excise Mon, 21 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123300