https://www.taxtmi.com/caselaws?id=246404 Exemption under Notification No. 108/95-C.E. was available where goods were supplied to a Government-approved project financed by an international organisation, and the prescribed certificates had been produced at clearance; the notification did not require foreign financing to cover the entire project cost from the outset, so clearances made before World Bank financing commenced did not lose the benefit. The Tribunal also found no misrepresentation or suppression with intent to evade duty, and held that the duty paid on raw materials could not be ignored in assessing liability. The demand for differential excise duty, interest and penalty was set aside, and the exemption was allowed. en-us Fri, 02 Mar 2012 00:00:00 +0530 Wed, 12 Apr 2017 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246404 Exemption under Notification No. 108/95-C.E. was available where goods were supplied to a Government-approved project financed by an international organisation, and the prescribed certificates had been produced at clearance; the notification did not require foreign financing to cover the entire project cost from the outset, so clearances made before World Bank financing commenced did not lose the benefit. The Tribunal also found no misrepresentation or suppression with intent to evade duty, and held that the duty paid on raw materials could not be ignored in assessing liability. The demand for differential excise duty, interest and penalty was set aside, and the exemption was allowed. Case-Laws Central Excise Fri, 02 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246404