https://www.taxtmi.com/caselaws?id=329488 Grey fabrics made from duty-paid yarn and cleared to job workers for further processing were treated as intermediate goods under Rule 16(B), following earlier Tribunal authority and the assessee's own prior case. The subsisting permission granted by the jurisdictional Commissioner supported this treatment, because the Revenue could not act contrary to an unwithdrawn authorisation. The transaction was also revenue neutral, as duty paid at one stage remained available as credit at the next. On these grounds, the demand for duty, interest, and penalty was set aside and the assessee's appeal succeeded with consequential relief. en-us Tue, 03 May 2016 00:00:00 +0530 Mon, 13 Jun 2016 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329488 Grey fabrics made from duty-paid yarn and cleared to job workers for further processing were treated as intermediate goods under Rule 16(B), following earlier Tribunal authority and the assessee's own prior case. The subsisting permission granted by the jurisdictional Commissioner supported this treatment, because the Revenue could not act contrary to an unwithdrawn authorisation. The transaction was also revenue neutral, as duty paid at one stage remained available as credit at the next. On these grounds, the demand for duty, interest, and penalty was set aside and the assessee's appeal succeeded with consequential relief. Case-Laws Central Excise Tue, 03 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329488