https://www.taxtmi.com/caselaws?id=255479 The Tribunal upheld the demand of Rs. 6,84,805/- and interest for wrong availment of exemption under Notification No. 8/97-CE but set aside the penalty. For the wrong availment of exemption under Notification No. 15/2002-CE, the Tribunal upheld the demand of Rs. 70,204/- and interest but set aside the penalty. The demand of Rs. 48,50,530/- for non-utilization of yarn in violation of input-output norms was set aside. The penalty imposed on K. Jayaraj was also set aside. The appeals were partly allowed for M/s. Saradha Terry Products Ltd. and fully allowed for Shri K. Jayaraj. en-us Tue, 02 Dec 2014 00:00:00 +0530 Tue, 09 Feb 2016 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255479 The Tribunal upheld the demand of Rs. 6,84,805/- and interest for wrong availment of exemption under Notification No. 8/97-CE but set aside the penalty. For the wrong availment of exemption under Notification No. 15/2002-CE, the Tribunal upheld the demand of Rs. 70,204/- and interest but set aside the penalty. The demand of Rs. 48,50,530/- for non-utilization of yarn in violation of input-output norms was set aside. The penalty imposed on K. Jayaraj was also set aside. The appeals were partly allowed for M/s. Saradha Terry Products Ltd. and fully allowed for Shri K. Jayaraj. Case-Laws Central Excise Tue, 02 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255479