https://www.taxtmi.com/caselaws?id=32603 Capital goods removed as such for export under bond were not liable to duty reversal merely because credit had been taken earlier, where the applicable Board letter and CBEC Manual recognised export removal under bond. The analysis applied the principle that beneficial circulars and administrative clarifications must be given effect, and the Department could not adopt a restrictive reading of Rule 19 of the Central Excise Rules to override that guidance. On that basis, the demand and penalty were held not sustainable, and the assessee succeeded. en-us Thu, 24 Jul 2008 00:00:00 +0530 Mon, 16 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32603 Capital goods removed as such for export under bond were not liable to duty reversal merely because credit had been taken earlier, where the applicable Board letter and CBEC Manual recognised export removal under bond. The analysis applied the principle that beneficial circulars and administrative clarifications must be given effect, and the Department could not adopt a restrictive reading of Rule 19 of the Central Excise Rules to override that guidance. On that basis, the demand and penalty were held not sustainable, and the assessee succeeded. Case-Laws Central Excise Thu, 24 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32603