https://www.taxtmi.com/caselaws?id=73862 Deemed credit on iron and steel scrap bought from the open market was available only while the notified concession remained in force, so it was admissible up to 28.8.1986 and not on or after 29.8.1986, when the concession was withdrawn. An adverse finding that the inputs were clearly recognisable as non-duty paid could not stand because that ground was not stated in the show cause notice, and a party must be given fair notice of the case it has to meet. The penalty was maintained because the credit had been taken under the notified concession scheme. en-us Fri, 03 Jun 1988 00:00:00 +0530 Sat, 04 Jun 2011 10:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73862 Deemed credit on iron and steel scrap bought from the open market was available only while the notified concession remained in force, so it was admissible up to 28.8.1986 and not on or after 29.8.1986, when the concession was withdrawn. An adverse finding that the inputs were clearly recognisable as non-duty paid could not stand because that ground was not stated in the show cause notice, and a party must be given fair notice of the case it has to meet. The penalty was maintained because the credit had been taken under the notified concession scheme. Case-Laws Central Excise Fri, 03 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73862