https://www.taxtmi.com/caselaws?id=124792 The Tribunal ruled in favor of the respondent on all issues. It held that the respondent was not liable to pay interest on the excise duty for replaced goods, as the duty liability arose due to theft and replacement after export clearance. Additionally, interest on delayed payment of excise duty was waived since the duty was not due after export. The demand for interest on belated reversal of Modvat credit was also rejected, as the credit was not utilized. The Tribunal dismissed the Revenue's appeal, affirming the decisions in favor of the respondent. en-us Mon, 08 Sep 2008 00:00:00 +0530 Sat, 13 Oct 2012 13:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124792 The Tribunal ruled in favor of the respondent on all issues. It held that the respondent was not liable to pay interest on the excise duty for replaced goods, as the duty liability arose due to theft and replacement after export clearance. Additionally, interest on delayed payment of excise duty was waived since the duty was not due after export. The demand for interest on belated reversal of Modvat credit was also rejected, as the credit was not utilized. The Tribunal dismissed the Revenue's appeal, affirming the decisions in favor of the respondent. Case-Laws Central Excise Mon, 08 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124792