https://www.taxtmi.com/caselaws?id=170491 The Central Government remanded the case back to the original authority for re-quantifying the duty demand within a one-year period. The imposition of penalty equal to the duty amount was reduced, and the applicant's challenge against penalty imposition was supported by legal precedents. The extended period for duty demand was deemed inapplicable due to proper recording and auditing of breakages without discrepancies noted. The need to reverse Cenvat credit on inputs used in final products in case of breakages was emphasized, leading to a re-assessment of duty liability and penalty. en-us Tue, 04 Jun 2013 00:00:00 +0530 Fri, 22 May 2015 12:51:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170491 The Central Government remanded the case back to the original authority for re-quantifying the duty demand within a one-year period. The imposition of penalty equal to the duty amount was reduced, and the applicant's challenge against penalty imposition was supported by legal precedents. The extended period for duty demand was deemed inapplicable due to proper recording and auditing of breakages without discrepancies noted. The need to reverse Cenvat credit on inputs used in final products in case of breakages was emphasized, leading to a re-assessment of duty liability and penalty. Case-Laws Central Excise Tue, 04 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170491