https://www.taxtmi.com/caselaws?id=126241 Furnace oil used by a 100% Export Oriented Unit was treated as a consumable for the purpose of exemption under Notification No. 1/95-C.E., following prior Tribunal rulings that recognised such use as eligible for relief. The extended period of limitation was also found inapplicable because the procurement against CT3 certificate was within the department's knowledge, the unit operated under physical control, and the approved bond negated any allegation of suppression. On those findings, the exemption benefit was sustained and the demand failed on both merits and limitation. en-us Mon, 12 Jan 2009 00:00:00 +0530 Sat, 03 Nov 2012 16:21:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126241 Furnace oil used by a 100% Export Oriented Unit was treated as a consumable for the purpose of exemption under Notification No. 1/95-C.E., following prior Tribunal rulings that recognised such use as eligible for relief. The extended period of limitation was also found inapplicable because the procurement against CT3 certificate was within the department's knowledge, the unit operated under physical control, and the approved bond negated any allegation of suppression. On those findings, the exemption benefit was sustained and the demand failed on both merits and limitation. Case-Laws Central Excise Mon, 12 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126241