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2014 (3) TMI 872 - CESTAT NEW DELHIBenefit of Notification No. 34/97 in terms of DEPB scrip - Procurement of DEPB scrip on the strength of forged/substituted shipping bills - Held that:- Admittedly the export had taken place when the DEPB scrip were not cancelled by the DGFT and were still valid in the eyes of law. There is also no finding of any aiding and abating Beni Export by the appellant. The portion of the order of the adjudicating authority dropping the proposal to impose penalty does not stand appealed against by the Revenue - demand, having been raised by invoking the longer period of limitation is not sustainable. The same is accordingly set aside - Decided in favour of assessee.
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