https://www.taxtmi.com/caselaws?id=255246 Rubberised coir mattresses were treated as coir products for exemption purposes up to 28.02.2011 because the operative classification followed the Coir Industry Act, 1953, the CBEC circular and the Coir Board's accepted view, while dictionary meaning alone was insufficient to deny exemption. For the later period, duty had to be recomputed under the amended notification rates applicable from 01.03.2011 and 17.03.2012, subject to the stated Cenvat credit condition, and penalty was not sustainable. The assessee succeeded on earlier-period classification and exemption, and on deletion of penalty, with only the revised duty demand surviving for the subsequent period. en-us Tue, 02 Sep 2014 00:00:00 +0530 Thu, 04 Jun 2015 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255246 Rubberised coir mattresses were treated as coir products for exemption purposes up to 28.02.2011 because the operative classification followed the Coir Industry Act, 1953, the CBEC circular and the Coir Board's accepted view, while dictionary meaning alone was insufficient to deny exemption. For the later period, duty had to be recomputed under the amended notification rates applicable from 01.03.2011 and 17.03.2012, subject to the stated Cenvat credit condition, and penalty was not sustainable. The assessee succeeded on earlier-period classification and exemption, and on deletion of penalty, with only the revised duty demand surviving for the subsequent period. Case-Laws Central Excise Tue, 02 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255246