https://www.taxtmi.com/caselaws?id=336679 Contravention of export notification conditions was sustained because the assessee availed the export incentive while also taking Modvat credit on inputs used in the exported goods; later reversal of the credit did not erase the breach. The adjudicating forum accepted that the violation remained, but found the facts sufficient to interfere with the quantum of penalty. The penalty was therefore upheld in principle and reduced to Rs. 5,000, with the appeal partly allowed. en-us Thu, 22 Sep 2016 00:00:00 +0530 Mon, 06 Feb 2017 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336679 Contravention of export notification conditions was sustained because the assessee availed the export incentive while also taking Modvat credit on inputs used in the exported goods; later reversal of the credit did not erase the breach. The adjudicating forum accepted that the violation remained, but found the facts sufficient to interfere with the quantum of penalty. The penalty was therefore upheld in principle and reduced to Rs. 5,000, with the appeal partly allowed. Case-Laws Central Excise Thu, 22 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336679