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2012 (12) TMI 262 - AT - Central ExciseDuty demands – limitation - appellants had purchased DEPB scrips obtained by M/s. Shree Krishna Impex – alleged that the DEPB scrips were obtained by M/s. Shree Krishna Impex by over valuing the goods and therefore, correct value in the DEPB was not reflected and therefore the imports made by the appellants against such licenses have to be treated as non-duty paid – Held that:- DGFT has yet to decide whether the value declared for the purpose of obtaining DEPB scrips is correct or not and they have also not taken action to reduce the value of DEPB scrips or to cancel the same - action taken by the Revenue seems to me pre-mature - matter remanded - Waiver of pre-deposit allowed
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