https://www.taxtmi.com/caselaws?id=72705 For computing exemption eligibility and assessable value under the relevant excise notification, only duty actually paid can be excluded; duty that was merely payable but not paid cannot be deducted from clearance value. The commentary also notes that exemption claimed without entitlement, and clearance of goods without obtaining the required Central Excise licence, justified maintenance of the reduced penalty, with no further mitigating basis for additional relief. The duty demand and denial of exemption were therefore sustained, and the appeal failed. en-us Wed, 04 Feb 1987 00:00:00 +0530 Tue, 24 May 2011 14:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72705 For computing exemption eligibility and assessable value under the relevant excise notification, only duty actually paid can be excluded; duty that was merely payable but not paid cannot be deducted from clearance value. The commentary also notes that exemption claimed without entitlement, and clearance of goods without obtaining the required Central Excise licence, justified maintenance of the reduced penalty, with no further mitigating basis for additional relief. The duty demand and denial of exemption were therefore sustained, and the appeal failed. Case-Laws Central Excise Wed, 04 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72705