https://www.taxtmi.com/caselaws?id=123364 The tribunal allowed the appeal, setting aside the duty demand and penalty imposed on the appellants for clearing ferrous waste and scrap without paying duty between 1-3-1994 to 18-8-1994. The tribunal held that despite the lack of exemption during the disputed period, the extended limitation period for duty demand was inapplicable. The appellants' argument that MODVAT credit on inputs could cover the duty demand if upheld was accepted, indicating no intent to evade payment. The tribunal concluded that the duty demand and penalty were unjustified, ruling in favor of the appellants. en-us Tue, 11 Mar 2008 00:00:00 +0530 Thu, 13 Sep 2012 13:00:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123364 The tribunal allowed the appeal, setting aside the duty demand and penalty imposed on the appellants for clearing ferrous waste and scrap without paying duty between 1-3-1994 to 18-8-1994. The tribunal held that despite the lack of exemption during the disputed period, the extended limitation period for duty demand was inapplicable. The appellants' argument that MODVAT credit on inputs could cover the duty demand if upheld was accepted, indicating no intent to evade payment. The tribunal concluded that the duty demand and penalty were unjustified, ruling in favor of the appellants. Case-Laws Central Excise Tue, 11 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123364