https://www.taxtmi.com/caselaws?id=93430 In a pre-deposit and stay application concerning duty and penalty on bars and rods made from old and unserviceable railway scrap, the Tribunal noted that earlier decisions had gone against assessees on the merits of exemption under Notification No. 202/88-C.E. The applicants, however, relied on CBEC circulars to support a bona fide belief that used and rejected railway materials were to be treated as angles, shapes and sections, and that the final product was exempt. On that basis, the demand was treated as prima facie time-barred, pre-deposit was dispensed with, and recovery was stayed pending appeal. en-us Tue, 29 Feb 2000 00:00:00 +0530 Fri, 11 Nov 2011 12:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93430 In a pre-deposit and stay application concerning duty and penalty on bars and rods made from old and unserviceable railway scrap, the Tribunal noted that earlier decisions had gone against assessees on the merits of exemption under Notification No. 202/88-C.E. The applicants, however, relied on CBEC circulars to support a bona fide belief that used and rejected railway materials were to be treated as angles, shapes and sections, and that the final product was exempt. On that basis, the demand was treated as prima facie time-barred, pre-deposit was dispensed with, and recovery was stayed pending appeal. Case-Laws Central Excise Tue, 29 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93430