https://www.taxtmi.com/caselaws?id=50135 Conditional customs exemption and amnesty benefits were available only on strict compliance with the scheme requirements, including timely reversal of Modvat credit, calculation of interest and filing of prescribed particulars. As the record did not show compliance, the exemption under Notification No. 203/92-Cus. was denied and the duty demand was sustained. Interest and penalty could not, however, be imposed for a period before the relevant Customs Act provisions came into force, so those components were set aside. The appeal succeeded only to that limited extent. en-us Wed, 16 Aug 2000 00:00:00 +0530 Thu, 19 Aug 2010 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50135 Conditional customs exemption and amnesty benefits were available only on strict compliance with the scheme requirements, including timely reversal of Modvat credit, calculation of interest and filing of prescribed particulars. As the record did not show compliance, the exemption under Notification No. 203/92-Cus. was denied and the duty demand was sustained. Interest and penalty could not, however, be imposed for a period before the relevant Customs Act provisions came into force, so those components were set aside. The appeal succeeded only to that limited extent. Case-Laws Customs Wed, 16 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50135