https://www.taxtmi.com/caselaws?id=125313 The Tribunal allowed the appeal, remanding the matter for finalization of provisional assessment based on evidence showing inputs were cleared on provisional price, leading to defacement after availing Modvat credit. The recalculated differential duty amount of Rs. 32.12 lakhs was accepted against the total demand of Rs. 51.55 lakhs. The Tribunal directed correct quantification of the differential duty, adjusting it against the payment made. Interest and penalty demands were set aside for redetermination in line with legal principles, favoring the appellant's arguments throughout. en-us Wed, 26 Nov 2008 00:00:00 +0530 Mon, 22 Oct 2012 17:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125313 The Tribunal allowed the appeal, remanding the matter for finalization of provisional assessment based on evidence showing inputs were cleared on provisional price, leading to defacement after availing Modvat credit. The recalculated differential duty amount of Rs. 32.12 lakhs was accepted against the total demand of Rs. 51.55 lakhs. The Tribunal directed correct quantification of the differential duty, adjusting it against the payment made. Interest and penalty demands were set aside for redetermination in line with legal principles, favoring the appellant's arguments throughout. Case-Laws Central Excise Wed, 26 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125313