https://www.taxtmi.com/caselaws?id=185687 The CESTAT set aside duty demand, penalty, and interest under various sections of the Central Excise Act, 1944, against the respondent-assessee. The assessee had availed duty exemption for products sold to a corporation financed by Japan Bank, later found not recognized as an International Organization. Despite confirming liability to pay duty, CESTAT considered the State Government's certificate absolving the assessee of fault and allowed the possibility of a refund. As the case was revenue-neutral, CESTAT's decision to delete duty, penalty, and interest was upheld, dismissing the appeal without costs. en-us Thu, 02 Feb 2012 00:00:00 +0530 Tue, 23 Aug 2016 16:22:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185687 The CESTAT set aside duty demand, penalty, and interest under various sections of the Central Excise Act, 1944, against the respondent-assessee. The assessee had availed duty exemption for products sold to a corporation financed by Japan Bank, later found not recognized as an International Organization. Despite confirming liability to pay duty, CESTAT considered the State Government's certificate absolving the assessee of fault and allowed the possibility of a refund. As the case was revenue-neutral, CESTAT's decision to delete duty, penalty, and interest was upheld, dismissing the appeal without costs. Case-Laws Central Excise Thu, 02 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185687