https://www.taxtmi.com/caselaws?id=349876 Exemption under Notification No. 23/2003-CE was upheld for stock and work in progress at debonding because the assessee had used indigenous raw materials, had not misused the deemed export benefit during the relevant period, and had repaid the amount promptly on discovering the position. Duty under central excise law was also held not confirmable on work in progress that had not reached finished goods or RG-1 stage, as excise is payable on clearance from the factory and the disputed stock had not reached that stage. The Revenue's challenge failed and the duty demand on such in-process goods was deleted. en-us Thu, 24 Aug 2017 00:00:00 +0530 Wed, 06 Mar 2019 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349876 Exemption under Notification No. 23/2003-CE was upheld for stock and work in progress at debonding because the assessee had used indigenous raw materials, had not misused the deemed export benefit during the relevant period, and had repaid the amount promptly on discovering the position. Duty under central excise law was also held not confirmable on work in progress that had not reached finished goods or RG-1 stage, as excise is payable on clearance from the factory and the disputed stock had not reached that stage. The Revenue's challenge failed and the duty demand on such in-process goods was deleted. Case-Laws Central Excise Thu, 24 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349876