https://www.taxtmi.com/caselaws?id=126037 The Tribunal ruled in favor of the appellant in a case involving the National Calamity Contingency Duty (NCCD) on Partially Oriented Yarn (POY) cleared to 100% Export Oriented Units (EOU). The demand of duty amounting to Rs. 6,73,288 was set aside based on precedent. Additionally, a demand and penalty of Rs. 10,39,624 and Rs. 5 lakhs, respectively, for NCCD on POY cleared to job workers were also set aside due to the appellant's genuine belief and prompt payment upon realization of the error. Penalties imposed on the appellant and General Manager were deemed unwarranted and set aside. en-us Wed, 25 Feb 2009 00:00:00 +0530 Mon, 31 Jul 2017 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126037 The Tribunal ruled in favor of the appellant in a case involving the National Calamity Contingency Duty (NCCD) on Partially Oriented Yarn (POY) cleared to 100% Export Oriented Units (EOU). The demand of duty amounting to Rs. 6,73,288 was set aside based on precedent. Additionally, a demand and penalty of Rs. 10,39,624 and Rs. 5 lakhs, respectively, for NCCD on POY cleared to job workers were also set aside due to the appellant's genuine belief and prompt payment upon realization of the error. Penalties imposed on the appellant and General Manager were deemed unwarranted and set aside. Case-Laws Central Excise Wed, 25 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126037