https://www.taxtmi.com/caselaws?id=121732 Petroleum products already lying in bond when the warehousing facility was withdrawn remained eligible for exemption on subsequent clearance to an EOU under the relevant notification. The Tribunal found that the department's contrary interpretation would defeat the exemption's intended relief on such clearances. It also relied on a coordinate Bench decision taking the same view in a similar matter involving the same assessee. On that basis, the demand of duty and consequential penalties were held unsustainable and the assessee's appeals were allowed. en-us Wed, 16 May 2007 00:00:00 +0530 Tue, 21 Nov 2017 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121732 Petroleum products already lying in bond when the warehousing facility was withdrawn remained eligible for exemption on subsequent clearance to an EOU under the relevant notification. The Tribunal found that the department's contrary interpretation would defeat the exemption's intended relief on such clearances. It also relied on a coordinate Bench decision taking the same view in a similar matter involving the same assessee. On that basis, the demand of duty and consequential penalties were held unsustainable and the assessee's appeals were allowed. Case-Laws Central Excise Wed, 16 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121732