https://www.taxtmi.com/caselaws?id=122031 The Settlement Commission found that M/s. Konar Organics Limited was not entitled to full exemption under Notification No. 8/2002 due to availing Modvat credit while paying duty at a normal rate. The applicant's claimed Small Scale Industry (SSI) exemption and Modvat benefit for subsequent years were contested by the Revenue. The Commission clarified the applicability of Notifications No. 8/2002 and 9/2002, determining duty liability based on accounted and unaccounted clearances for specific years. The judgment outlined duty payment terms and entry conditions under Section 32E, emphasizing the Commission's exclusive jurisdiction over the matter. en-us Thu, 25 May 2006 00:00:00 +0530 Wed, 08 Aug 2012 10:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122031 The Settlement Commission found that M/s. Konar Organics Limited was not entitled to full exemption under Notification No. 8/2002 due to availing Modvat credit while paying duty at a normal rate. The applicant's claimed Small Scale Industry (SSI) exemption and Modvat benefit for subsequent years were contested by the Revenue. The Commission clarified the applicability of Notifications No. 8/2002 and 9/2002, determining duty liability based on accounted and unaccounted clearances for specific years. The judgment outlined duty payment terms and entry conditions under Section 32E, emphasizing the Commission's exclusive jurisdiction over the matter. Case-Laws Central Excise Thu, 25 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122031