https://www.taxtmi.com/caselaws?id=207343 Deemed credit under a conditional exemption notification was unavailable because the prescribed invoice declarations and lawful proof of duty payment were not satisfied; belated duty payment by the supplier and superintendent-issued certificates did not cure the defect, so the duty demand was sustained. Penalties under the excise rule could not be upheld in the absence of findings of fraud, wilful misstatement, collusion, suppression of facts, or intent to evade duty; the penalties were therefore set aside. The document states that the appeals succeeded only on the penalty issue. en-us Thu, 01 Sep 2011 00:00:00 +0530 Wed, 29 Aug 2012 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207343 Deemed credit under a conditional exemption notification was unavailable because the prescribed invoice declarations and lawful proof of duty payment were not satisfied; belated duty payment by the supplier and superintendent-issued certificates did not cure the defect, so the duty demand was sustained. Penalties under the excise rule could not be upheld in the absence of findings of fraud, wilful misstatement, collusion, suppression of facts, or intent to evade duty; the penalties were therefore set aside. The document states that the appeals succeeded only on the penalty issue. Case-Laws Central Excise Thu, 01 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207343