https://www.taxtmi.com/caselaws?id=194808 The Tribunal directed the Adjudicating Authority to redetermine the duty amount applying the principle of first-in first-out for the relevant period, dismissing the Revenue's appeal challenging the method of determining duty free clearance. The matter regarding the availment of MODVAT Credit was remanded to the Adjudicating Authority for a decision after considering the submissions of the assessee due to a lack of clarity in presented facts and evidence. The Tribunal also remanded the duty free clearance issue for redetermination based on the first-in first-out principle. The Tribunal dismissed the Revenue's appeal on the penalty and allowed the assessee's appeal, remanding the matter for further consideration. en-us Thu, 22 Dec 2016 00:00:00 +0530 Thu, 28 Sep 2017 09:17:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194808 The Tribunal directed the Adjudicating Authority to redetermine the duty amount applying the principle of first-in first-out for the relevant period, dismissing the Revenue's appeal challenging the method of determining duty free clearance. The matter regarding the availment of MODVAT Credit was remanded to the Adjudicating Authority for a decision after considering the submissions of the assessee due to a lack of clarity in presented facts and evidence. The Tribunal also remanded the duty free clearance issue for redetermination based on the first-in first-out principle. The Tribunal dismissed the Revenue's appeal on the penalty and allowed the assessee's appeal, remanding the matter for further consideration. Case-Laws Central Excise Thu, 22 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194808