https://www.taxtmi.com/caselaws?id=258505 The High Court ruled in favor of the Revenue and against the Assessee in a case involving duty exemption, Modvat Credit reversal, clandestine removal of goods, and penalty imposition under Section 11AC. The Assessee's failure to comply with the conditions of duty exemption and to reverse Modvat Credit led to the denial of the exemption benefit. The penalty initially imposed was ultimately deleted, but the rest of the order-in-original was upheld by the Court. en-us Thu, 12 Mar 2015 00:00:00 +0530 Thu, 31 Dec 2015 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258505 The High Court ruled in favor of the Revenue and against the Assessee in a case involving duty exemption, Modvat Credit reversal, clandestine removal of goods, and penalty imposition under Section 11AC. The Assessee's failure to comply with the conditions of duty exemption and to reverse Modvat Credit led to the denial of the exemption benefit. The penalty initially imposed was ultimately deleted, but the rest of the order-in-original was upheld by the Court. Case-Laws Central Excise Thu, 12 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258505