https://www.taxtmi.com/caselaws?id=362699 The appellant imported raw materials without duty payment under an advance license for manufacturing, but due to unforeseen circumstances, duty was paid later. The Settlement Commission allowed installment payments for the duty, which were completed. The appellant then took credit on the deposited amount. Revenue contended the appellant was not entitled to credit due to the Settlement Commission's order. The Commissioner disallowed credit, confirmed interest, and imposed a penalty. The Tribunal found no mala fide intent, setting aside the penalty. Interest liability was also set aside based on a High Court decision. The demand for reversed credit was confirmed, while interest and penalty were set aside. en-us Thu, 24 May 2018 00:00:00 +0530 Mon, 02 Jul 2018 10:52:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362699 The appellant imported raw materials without duty payment under an advance license for manufacturing, but due to unforeseen circumstances, duty was paid later. The Settlement Commission allowed installment payments for the duty, which were completed. The appellant then took credit on the deposited amount. Revenue contended the appellant was not entitled to credit due to the Settlement Commission's order. The Commissioner disallowed credit, confirmed interest, and imposed a penalty. The Tribunal found no mala fide intent, setting aside the penalty. Interest liability was also set aside based on a High Court decision. The demand for reversed credit was confirmed, while interest and penalty were set aside. Case-Laws Central Excise Thu, 24 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362699