https://www.taxtmi.com/caselaws?id=246462 The Tribunal granted a 100% waiver on duty demand, interest, and penalties totaling Rs. 41,40,642/- against the applicant for trading exempted goods without maintaining separate accounts. The Tribunal acknowledged the applicant's manufacturing of dutiable goods and trading of exempted goods, noting the lack of duty liability on the trading activity. The decision stressed the importance of maintaining separate accounts for dutiable and exempted goods, supported by concrete evidence like purchase and sales invoices. The Tribunal's grant of a stay on recovery during the appeal process reflects consideration for the nature of the applicant's operations and duty obligations. en-us Thu, 03 May 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:23:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246462 The Tribunal granted a 100% waiver on duty demand, interest, and penalties totaling Rs. 41,40,642/- against the applicant for trading exempted goods without maintaining separate accounts. The Tribunal acknowledged the applicant's manufacturing of dutiable goods and trading of exempted goods, noting the lack of duty liability on the trading activity. The decision stressed the importance of maintaining separate accounts for dutiable and exempted goods, supported by concrete evidence like purchase and sales invoices. The Tribunal's grant of a stay on recovery during the appeal process reflects consideration for the nature of the applicant's operations and duty obligations. Case-Laws Central Excise Thu, 03 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246462