https://www.taxtmi.com/caselaws?id=1956 The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellant in a case involving the interpretation of exemption Notification No. 72/91-Cus for imported Polyols and Isocyanates. The tribunal determined that the imported goods were used for the manufacture of thermoplastic polyurethane, qualifying for the exemption. Technical evidence and expert opinions supported the appellant's claim, leading to the rejection of the revenue's classification of the goods as thermosetting. Additionally, the tribunal held that the time-barred show cause notice and penalties imposed on the appellant were unjustified, ultimately providing relief by setting aside the penalties. en-us Thu, 31 May 2007 00:00:00 +0530 Tue, 15 Apr 2008 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1956 The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellant in a case involving the interpretation of exemption Notification No. 72/91-Cus for imported Polyols and Isocyanates. The tribunal determined that the imported goods were used for the manufacture of thermoplastic polyurethane, qualifying for the exemption. Technical evidence and expert opinions supported the appellant's claim, leading to the rejection of the revenue's classification of the goods as thermosetting. Additionally, the tribunal held that the time-barred show cause notice and penalties imposed on the appellant were unjustified, ultimately providing relief by setting aside the penalties. Case-Laws Customs Thu, 31 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1956