https://www.taxtmi.com/caselaws?id=267235 The Tribunal upheld that the appellant, acting as a trader, was not entitled to MODVAT credit for bought-out items exported without being used in manufacturing. It dismissed the plea regarding the time-bar aspect and clarified that penalties could only be imposed post-23.6.1996. The appellant's rebate entitlement was denied due to its role as a merchant exporter. The Tribunal directed verification and segregation of input and capital goods records and instructed re-examination of overlapping demands in re-adjudicated orders. The matter was remanded for detailed re-adjudication, emphasizing compliance with relevant rules and fair treatment of the appellant. en-us Mon, 21 Sep 2015 00:00:00 +0530 Mon, 02 Nov 2015 07:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267235 The Tribunal upheld that the appellant, acting as a trader, was not entitled to MODVAT credit for bought-out items exported without being used in manufacturing. It dismissed the plea regarding the time-bar aspect and clarified that penalties could only be imposed post-23.6.1996. The appellant's rebate entitlement was denied due to its role as a merchant exporter. The Tribunal directed verification and segregation of input and capital goods records and instructed re-examination of overlapping demands in re-adjudicated orders. The matter was remanded for detailed re-adjudication, emphasizing compliance with relevant rules and fair treatment of the appellant. Case-Laws Central Excise Mon, 21 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267235