https://www.taxtmi.com/caselaws?id=1209 The Court ruled in favor of the petroleum refinery, holding that naptha and sulphur produced from Refinery Fuel Oil were exempt from duty, while electricity generated and sold was deemed dutiable. It emphasized the need for a nexus to petroleum products for claiming exemption. The Court found no suppression by the assessee for the extended period of limitation, deeming the demand for arrears of duty beyond limitation for a specific period. The matter was remitted for recalculating duty on electricity sold and the penalty imposed was considered unjustified, resulting in disposal of the appeals without costs. en-us Thu, 19 Apr 2007 00:00:00 +0530 Wed, 28 Jan 2009 21:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1209 The Court ruled in favor of the petroleum refinery, holding that naptha and sulphur produced from Refinery Fuel Oil were exempt from duty, while electricity generated and sold was deemed dutiable. It emphasized the need for a nexus to petroleum products for claiming exemption. The Court found no suppression by the assessee for the extended period of limitation, deeming the demand for arrears of duty beyond limitation for a specific period. The matter was remitted for recalculating duty on electricity sold and the penalty imposed was considered unjustified, resulting in disposal of the appeals without costs. Case-Laws Central Excise Thu, 19 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1209