https://www.taxtmi.com/highlights?id=2407 Exemption under Notification 108/95 is not available to the project financed by JBIC but demand beyond the period of one year from the date of show-cause notice are not sustainable and penalties under Section 11AC on the assessee firm and penalty on GM of the assessee firm is also not sustainable. .... - AT en-us Sun, 18 Dec 2011 16:50:38 +0530 Sun, 18 Dec 2011 16:50:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=2407 Exemption under Notification 108/95 is not available to the project financed by JBIC but demand beyond the period of one year from the date of show-cause notice are not sustainable and penalties under Section 11AC on the assessee firm and penalty on GM of the assessee firm is also not sustainable. .... - AT Highlights Central Excise Sun, 18 Dec 2011 16:50:38 +0530 https://www.taxtmi.com/highlights?id=2407