https://www.taxtmi.com/caselaws?id=100951 Misstatement in the exemption declaration was sustained because the assessee's figures were found to be incorrect after including exports to Nepal as required by the notification, so denial of the notification benefit and issuance of notice were justified. The matter was remanded only for the limited purpose of enabling the assessee to establish that the aggregate clearances were wrongly worked out because the discount in the credit note dated 31-3-97 had not been deducted. Entitlement to that deduction was left open for the original authority to decide. If the assessee fails on remand, duty and penalty are to be recomputed in line with the principle in Srichakra Tyres Ltd. en-us Fri, 28 Dec 2001 00:00:00 +0530 Wed, 08 Feb 2012 10:39:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100951 Misstatement in the exemption declaration was sustained because the assessee's figures were found to be incorrect after including exports to Nepal as required by the notification, so denial of the notification benefit and issuance of notice were justified. The matter was remanded only for the limited purpose of enabling the assessee to establish that the aggregate clearances were wrongly worked out because the discount in the credit note dated 31-3-97 had not been deducted. Entitlement to that deduction was left open for the original authority to decide. If the assessee fails on remand, duty and penalty are to be recomputed in line with the principle in Srichakra Tyres Ltd. Case-Laws Central Excise Fri, 28 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100951