https://www.taxtmi.com/caselaws?id=328798 Where an assessee had disclosed its claim to exemption under Notification No. 64/95-CE in advance and produced the required certificates, the issue was treated as debatable and no suppression or mala fides was accepted; the first show cause notice was therefore time-barred and the demand and penalty were set aside. For the second notice, the exemption claim failed on the merits, so duty and interest were sustained, but penalty was still deleted because the facts had been disclosed and no dishonest intent was found. The result was partial relief to the assessee, with only the duty and interest under the second notice maintained. en-us Mon, 02 May 2016 00:00:00 +0530 Sat, 28 May 2016 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328798 Where an assessee had disclosed its claim to exemption under Notification No. 64/95-CE in advance and produced the required certificates, the issue was treated as debatable and no suppression or mala fides was accepted; the first show cause notice was therefore time-barred and the demand and penalty were set aside. For the second notice, the exemption claim failed on the merits, so duty and interest were sustained, but penalty was still deleted because the facts had been disclosed and no dishonest intent was found. The result was partial relief to the assessee, with only the duty and interest under the second notice maintained. Case-Laws Central Excise Mon, 02 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328798