https://www.taxtmi.com/caselaws?id=170711 Goods supplied to a project financed by Japan Bank of International Corporation were held ineligible for exemption under Notification No. 108/95 because the notification applies only where the project is financed by an international organisation specifically listed in its Annexure and the prescribed certificate conditions are met. As Japan Bank of International Corporation was not named in the Annexure, the duty demand was upheld. Penalty under Rule 25 of the Central Excise Rules, 2001 was not sustained because the appellants had produced the required certificate issued by the empowered officer and endorsed by the State Government, and the facts did not justify penal action. The liability to duty remained, but the penalty was deleted. en-us Thu, 10 Jan 2013 00:00:00 +0530 Tue, 19 May 2015 15:20:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170711 Goods supplied to a project financed by Japan Bank of International Corporation were held ineligible for exemption under Notification No. 108/95 because the notification applies only where the project is financed by an international organisation specifically listed in its Annexure and the prescribed certificate conditions are met. As Japan Bank of International Corporation was not named in the Annexure, the duty demand was upheld. Penalty under Rule 25 of the Central Excise Rules, 2001 was not sustained because the appellants had produced the required certificate issued by the empowered officer and endorsed by the State Government, and the facts did not justify penal action. The liability to duty remained, but the penalty was deleted. Case-Laws Central Excise Thu, 10 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170711