https://www.taxtmi.com/caselaws?id=51795 The Appellate Tribunal CEGAT, Court No.I, New Delhi allowed the appeal by remand, directing the Assessing Authority to reevaluate the duty demand for nylon yarn manufacturing. The Tribunal upheld the appellant's right to recredit the amount reversed on caprolactam and instructed a reevaluation of the valuation of nylon chips. The penalty was set aside, and interest under Section 11AB was limited to the recomputed duty liability. The decision favored the appellant by granting relief on recredit, revising the valuation method, and addressing penalty and interest liabilities more favorably. en-us Tue, 12 Nov 2002 00:00:00 +0530 Tue, 28 Sep 2010 14:36:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51795 The Appellate Tribunal CEGAT, Court No.I, New Delhi allowed the appeal by remand, directing the Assessing Authority to reevaluate the duty demand for nylon yarn manufacturing. The Tribunal upheld the appellant's right to recredit the amount reversed on caprolactam and instructed a reevaluation of the valuation of nylon chips. The penalty was set aside, and interest under Section 11AB was limited to the recomputed duty liability. The decision favored the appellant by granting relief on recredit, revising the valuation method, and addressing penalty and interest liabilities more favorably. Case-Laws Central Excise Tue, 12 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51795