https://www.taxtmi.com/caselaws?id=335579 Dipped rubberized tyre cord fabric was treated as a marketable intermediate product with identifiable character, shelf life and transportability, so classification under CETH 5902 and the resulting duty liability were sustained. Notification No. 67/95-CE was read as exempting only basic excise duty, not additional excise duty on captive consumption, so the exemption claim for additional duty was rejected. Modvat credit on eligible inputs was allowed on proper supporting documents. Penalty under Rule 173Q was found unwarranted because no intentional contravention or culpable conduct was established. en-us Fri, 25 Nov 2016 00:00:00 +0530 Tue, 30 Jan 2018 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335579 Dipped rubberized tyre cord fabric was treated as a marketable intermediate product with identifiable character, shelf life and transportability, so classification under CETH 5902 and the resulting duty liability were sustained. Notification No. 67/95-CE was read as exempting only basic excise duty, not additional excise duty on captive consumption, so the exemption claim for additional duty was rejected. Modvat credit on eligible inputs was allowed on proper supporting documents. Penalty under Rule 173Q was found unwarranted because no intentional contravention or culpable conduct was established. Case-Laws Central Excise Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335579