https://www.taxtmi.com/caselaws?id=288421 The Tribunal allowed the appeals, setting aside the lower authorities' orders. It held that once credit for exempted products is reversed, no duty payment at 8% of sale value is required. The Tribunal emphasized the validity of credit reversal method, fulfillment of separate account maintenance, and time limitation for demands. It referenced relevant case laws and circulars to support its decision, ultimately rejecting penalties and interest under specific sections and providing consequential relief to the appellants. en-us Fri, 26 Aug 2005 00:00:00 +0530 Fri, 05 Jun 2020 18:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288421 The Tribunal allowed the appeals, setting aside the lower authorities' orders. It held that once credit for exempted products is reversed, no duty payment at 8% of sale value is required. The Tribunal emphasized the validity of credit reversal method, fulfillment of separate account maintenance, and time limitation for demands. It referenced relevant case laws and circulars to support its decision, ultimately rejecting penalties and interest under specific sections and providing consequential relief to the appellants. Case-Laws Central Excise Fri, 26 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288421