https://www.taxtmi.com/caselaws?id=1608 Duty-free yarn procured for a 100% EOU and diverted before reaching the unit was held outside the exemption under Notification No. 1/95-C.E., because the conditions of receipt, storage, accountal and use in export manufacture were not satisfied. On the evidence, the Tribunal found the re-warehousing certificates and challans to be ly obtained and held that duty liability attached to the consignee once delivery had been taken but the goods were not brought into the EOU, with interest payable. As to penalties, the absence of proved direct involvement justified setting aside the penalties on two directors, while the penalties on the company and the Executive Director were reduced as excessive. en-us Mon, 28 May 2007 00:00:00 +0530 Tue, 15 Apr 2008 07:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1608 Duty-free yarn procured for a 100% EOU and diverted before reaching the unit was held outside the exemption under Notification No. 1/95-C.E., because the conditions of receipt, storage, accountal and use in export manufacture were not satisfied. On the evidence, the Tribunal found the re-warehousing certificates and challans to be ly obtained and held that duty liability attached to the consignee once delivery had been taken but the goods were not brought into the EOU, with interest payable. As to penalties, the absence of proved direct involvement justified setting aside the penalties on two directors, while the penalties on the company and the Executive Director were reduced as excessive. Case-Laws Central Excise Mon, 28 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1608