https://www.taxtmi.com/caselaws?id=250528 The Tribunal ruled in favor of the appellant, a public sector undertaking, in a case involving the demand of duty for allegedly clearing capital goods with modvat credit. The Tribunal found that the appellant had paid appropriate duty on the goods sold as waste and scrap, not as cleared goods. Criticizing the lack of documentary evidence and improper investigation by the Revenue, the Tribunal rejected the invocation of a longer period and dispensed with the pre-deposit condition for duty and penalty, emphasizing the importance of thorough examination before alleging non-compliance in complex transactions. en-us Wed, 18 Jul 2012 00:00:00 +0530 Sun, 17 Aug 2014 09:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250528 The Tribunal ruled in favor of the appellant, a public sector undertaking, in a case involving the demand of duty for allegedly clearing capital goods with modvat credit. The Tribunal found that the appellant had paid appropriate duty on the goods sold as waste and scrap, not as cleared goods. Criticizing the lack of documentary evidence and improper investigation by the Revenue, the Tribunal rejected the invocation of a longer period and dispensed with the pre-deposit condition for duty and penalty, emphasizing the importance of thorough examination before alleging non-compliance in complex transactions. Case-Laws Central Excise Wed, 18 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250528