https://www.taxtmi.com/caselaws?id=53953 The appellate tribunal found the duty demands against the appellants for allegedly evading duty payment and benefiting from exemptions unsustainable for the years 1998-1999, 1999-2000, and 2000-2001. The duty liability for each year was analyzed, with the tribunal directing re-quantification for certain periods due to incorrect calculations. The appellants were instructed to reverse Modvat credit for short found inputs and the penalty imposed was reduced. The matter was remanded for re-quantification by the adjudicating authority, and the appeals of the appellants were disposed of accordingly. en-us Fri, 18 Mar 2005 00:00:00 +0530 Sat, 16 Oct 2010 11:12:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53953 The appellate tribunal found the duty demands against the appellants for allegedly evading duty payment and benefiting from exemptions unsustainable for the years 1998-1999, 1999-2000, and 2000-2001. The duty liability for each year was analyzed, with the tribunal directing re-quantification for certain periods due to incorrect calculations. The appellants were instructed to reverse Modvat credit for short found inputs and the penalty imposed was reduced. The matter was remanded for re-quantification by the adjudicating authority, and the appeals of the appellants were disposed of accordingly. Case-Laws Central Excise Fri, 18 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53953