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Sugar syrup having 78.2% sugar content emerged as an intermediary product during biscuit manufacturing, an exempted final product. CESTAT held sugar syrup was marketable and excisable, not covered under exemption for inputs used in exempted final products. However, as issue related to law interpretation, extended period of limitation was set aside, limiting demand to normal period. No penalty was imposed. Revenue's appeal was partly allowed, confirming sugar syrup's excisability but restricting demand to normal limitation period.
Sugar syrup having 78.2% sugar content emerged as an intermediary product during biscuit manufacturing, an exempted final product. CESTAT held sugar syrup was marketable and excisable, not covered under exemption for inputs used in exempted final products. However, as issue related to law interpretation, extended period of limitation was set aside, limiting demand to normal period. No penalty was imposed. Revenue's appeal was partly allowed, confirming sugar syrup's excisability but restricting demand to normal limitation period.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
