https://www.taxtmi.com/caselaws?id=190136 The Tribunal upheld the reduction of duty payable by the amount encashed from the bank guarantee in a case involving imported machinery under the EPCG Scheme. Additionally, the Tribunal ruled in favor of granting Modvat credit post-duty payment and upheld the decision regarding the confiscation of machinery embedded in the earth under Section 111(o) of the Customs Act, based on the Circular by the Central Board of Excise and Customs. No substantial legal questions were found in these rulings. en-us Mon, 22 Jan 2007 00:00:00 +0530 Tue, 07 Feb 2017 12:39:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190136 The Tribunal upheld the reduction of duty payable by the amount encashed from the bank guarantee in a case involving imported machinery under the EPCG Scheme. Additionally, the Tribunal ruled in favor of granting Modvat credit post-duty payment and upheld the decision regarding the confiscation of machinery embedded in the earth under Section 111(o) of the Customs Act, based on the Circular by the Central Board of Excise and Customs. No substantial legal questions were found in these rulings. Case-Laws Customs Mon, 22 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190136