https://www.taxtmi.com/caselaws?id=332870 For exemption under Notification No. 8/2003-CE, turnover must be computed only on specified goods after excluding non-excisable and exempted excisable goods, and assessable value must reflect admissible abatement rather than mechanically adopting retail sale price figures; the matter was remanded for fresh quantification on that basis. The extended limitation period was unavailable because regular returns and departmental correspondence negatived suppression of facts or wilful misstatement, so the demand beyond one year from the show-cause notice was set aside. Penalty on the partner under Rule 26 failed because knowing participation in the contravention was not established, and the penalty was deleted. en-us Fri, 09 Sep 2016 00:00:00 +0530 Sat, 15 Oct 2016 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332870 For exemption under Notification No. 8/2003-CE, turnover must be computed only on specified goods after excluding non-excisable and exempted excisable goods, and assessable value must reflect admissible abatement rather than mechanically adopting retail sale price figures; the matter was remanded for fresh quantification on that basis. The extended limitation period was unavailable because regular returns and departmental correspondence negatived suppression of facts or wilful misstatement, so the demand beyond one year from the show-cause notice was set aside. Penalty on the partner under Rule 26 failed because knowing participation in the contravention was not established, and the penalty was deleted. Case-Laws Central Excise Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332870