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2015 (6) TMI 865 - AT - Central ExciseExemption under Notification No. 04/2006 dated 01.03.2006 - Non maintenance of separate accounts - Interest u/s 11AB - Penalty u/s 11AC - Held that:- Appellant have disclosed the clearance of 'mill scale powder/iron ash' clearly in ER-I returns and claimed exemption under Notification No. 04/2006 dated 01.03.2006. There is no suppression of fact established on part of the appellant. It is the duty of department to verify the exemption claimed by the appellant and to determine whether the credit has been reversed or not. In the circumstances, it is held extended period is not attracted. I allow the appeal in part and set aside the penalty under Section 11AC. - Decided in favour of assessee.
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