https://www.taxtmi.com/caselaws?id=3295 Goods classified under Chapter Heading 84.24 and covered by Notifications No. 46/94-CE and 56/95-CE were held not liable to duty, so the demand could not be sustained merely on an allegation of clandestine removal. The attempted reliance on Modvat credit was not accepted as a basis to uphold the confirmation of duty in this appeal. Once the duty demand failed, the penalties imposed on the company and its officers also lacked an independent foundation and were set aside. en-us Tue, 16 Oct 2007 00:00:00 +0530 Wed, 16 Apr 2008 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3295 Goods classified under Chapter Heading 84.24 and covered by Notifications No. 46/94-CE and 56/95-CE were held not liable to duty, so the demand could not be sustained merely on an allegation of clandestine removal. The attempted reliance on Modvat credit was not accepted as a basis to uphold the confirmation of duty in this appeal. Once the duty demand failed, the penalties imposed on the company and its officers also lacked an independent foundation and were set aside. Case-Laws Central Excise Tue, 16 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3295