https://www.taxtmi.com/caselaws?id=153537 Exemption under Notification No. 41/99-C.E. was made conditional on filing the prescribed undertaking with the Assistant Commissioner or Deputy Commissioner, and that condition had to be complied with before the benefit could be claimed. A classification list indicating an intention to avail the notification was held insufficient to substitute for the undertaking, so the exemption was unavailable for the relevant period and the demand was maintained. On penalty, the assessee's prior declaration and classification list supported a bona fide belief that the requirement was satisfied, so penal consequences were not justified and the penalty was set aside. en-us Wed, 25 Nov 2009 00:00:00 +0530 Wed, 24 Jul 2013 16:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153537 Exemption under Notification No. 41/99-C.E. was made conditional on filing the prescribed undertaking with the Assistant Commissioner or Deputy Commissioner, and that condition had to be complied with before the benefit could be claimed. A classification list indicating an intention to avail the notification was held insufficient to substitute for the undertaking, so the exemption was unavailable for the relevant period and the demand was maintained. On penalty, the assessee's prior declaration and classification list supported a bona fide belief that the requirement was satisfied, so penal consequences were not justified and the penalty was set aside. Case-Laws Central Excise Wed, 25 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153537