https://www.taxtmi.com/caselaws?id=81447 Petroleum resin made from a separately fractionated pyrolysis gasoline cut did not qualify for exemption meant for raw naphtha and captive use of Chapter 27 goods, because the material used for resin manufacture was not the specified exempt input or an incidental by-product within the notification. Vague disclosure of the input and process justified invocation of the extended limitation period under the proviso to Section 11A, so the demand was not time-barred. However, the duty could not be sustained on the entire quantity sent to the resin plant and had to be recomputed on the correct diverted residue. Penalty was upheld in principle but substantially reduced. en-us Thu, 19 Sep 1991 00:00:00 +0530 Fri, 24 Jun 2011 16:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81447 Petroleum resin made from a separately fractionated pyrolysis gasoline cut did not qualify for exemption meant for raw naphtha and captive use of Chapter 27 goods, because the material used for resin manufacture was not the specified exempt input or an incidental by-product within the notification. Vague disclosure of the input and process justified invocation of the extended limitation period under the proviso to Section 11A, so the demand was not time-barred. However, the duty could not be sustained on the entire quantity sent to the resin plant and had to be recomputed on the correct diverted residue. Penalty was upheld in principle but substantially reduced. Case-Laws Central Excise Thu, 19 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81447