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2017 (1) TMI 26 - AT - Central ExciseInterest - Penalty - N no.2/96-CE and N No.67/95-CE - Polyester Synthetic Tops/Manmade yarn - Held that: - the Notification No.22/96 dated 23.07.96, which exempts all the goods falling within the Schedule to the Central Excise Tariff Act, 1985 specified under Col.4 of the Table annexed to the said notification no.22/96, when such inputs are manufactured in a factory and used within the factory of production in or in relation to the manufacture of corresponding final products of the description given in Col. 2 of the table annexed to the Notification No.22/96 (Supra) and falling under Chapter Heading No. or sub-heading nos. of the final products given in Col. 3 of the table annexed to the Notification, from the whole of the duty of excise and additional duty of excise leviable thereon - Synthetic Tops are used in the manufacture of yarn within the factory of production and the said yarn is further used in the manufacture of fabrics - Appeal dismissed - decided in favor of the assessee.
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