https://www.taxtmi.com/caselaws?id=49854 An importer claiming exemption under Notification No. 203/92-Cus. must satisfy the notification conditions, including non-availment of Modvat credit, even where the licence is transferred. The extended period of limitation is unavailable unless the department proves suppression or misdeclaration with supporting material. Penalty under Section 114A cannot be sustained against a person from whom no duty or interest is recoverable, so penalty fails where no corresponding duty demand is made. en-us Tue, 21 Mar 2000 00:00:00 +0530 Tue, 17 Aug 2010 17:59:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49854 An importer claiming exemption under Notification No. 203/92-Cus. must satisfy the notification conditions, including non-availment of Modvat credit, even where the licence is transferred. The extended period of limitation is unavailable unless the department proves suppression or misdeclaration with supporting material. Penalty under Section 114A cannot be sustained against a person from whom no duty or interest is recoverable, so penalty fails where no corresponding duty demand is made. Case-Laws Customs Tue, 21 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49854