https://www.taxtmi.com/caselaws?id=167020 Clearances under a loan-licence based exemption scheme were not excludible from the manufacturer's aggregate clearances where the prescribed procedural conditions were not complied with, including filing the price list, maintaining statutory records, issuing gate passes and showing the clearances in returns. On those facts, the goods were treated as part of the manufacturer's own turnover for small-scale industry exemption purposes, and the duty demand was sustained. The record also supported invocation of the extended period because of non-accountal and contravention of mandatory excise requirements. However, the penalty was viewed as excessive and was reduced, with the demand otherwise maintained. en-us Thu, 31 May 1984 00:00:00 +0530 Wed, 03 Dec 2014 15:23:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167020 Clearances under a loan-licence based exemption scheme were not excludible from the manufacturer's aggregate clearances where the prescribed procedural conditions were not complied with, including filing the price list, maintaining statutory records, issuing gate passes and showing the clearances in returns. On those facts, the goods were treated as part of the manufacturer's own turnover for small-scale industry exemption purposes, and the duty demand was sustained. The record also supported invocation of the extended period because of non-accountal and contravention of mandatory excise requirements. However, the penalty was viewed as excessive and was reduced, with the demand otherwise maintained. Case-Laws Central Excise Thu, 31 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167020