https://www.taxtmi.com/caselaws?id=206466 Captively consumed intermediate goods used in the manufacture of medicaments qualified for exemption under Notification No. 10/96-CE from 23/07/1996 onwards, so no duty survived for that period. For the pre-23/07/1996 period, the goods were not treated as bulk drugs for Notification No. 7/94-CE, so exemption was denied; however, the duty demand had to be re-quantified after adjusting the amount already reversed by the assessee, with limitation left open. Because the dispute turned on interpretation of exemption notifications and captive clearances, penalty was not sustained. en-us Tue, 04 Jan 2011 00:00:00 +0530 Mon, 18 May 2015 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206466 Captively consumed intermediate goods used in the manufacture of medicaments qualified for exemption under Notification No. 10/96-CE from 23/07/1996 onwards, so no duty survived for that period. For the pre-23/07/1996 period, the goods were not treated as bulk drugs for Notification No. 7/94-CE, so exemption was denied; however, the duty demand had to be re-quantified after adjusting the amount already reversed by the assessee, with limitation left open. Because the dispute turned on interpretation of exemption notifications and captive clearances, penalty was not sustained. Case-Laws Central Excise Tue, 04 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206466