https://www.taxtmi.com/caselaws?id=344151 Exemption under Notifications No. 3/2001-CE and 6/2002-CE was available only where motor vehicle bodies were made from duty-paid chassis without taking credit on the chassis or other inputs used in fabrication. Because credit on other inputs had been taken, the condition was not met and the goods were liable to reversal treatment as exempted goods under Rule 6(3)(b) of the Cenvat Credit Rules, 2001; payment based only on the value of the bodies was insufficient, so duty and interest were confirmed. On penalty, the majority treated the dispute as one of notification and credit interpretation and held that penalty was not warranted, so the penalty was set aside despite a dissent. en-us Mon, 05 Jun 2017 00:00:00 +0530 Fri, 09 Jun 2017 05:38:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344151 Exemption under Notifications No. 3/2001-CE and 6/2002-CE was available only where motor vehicle bodies were made from duty-paid chassis without taking credit on the chassis or other inputs used in fabrication. Because credit on other inputs had been taken, the condition was not met and the goods were liable to reversal treatment as exempted goods under Rule 6(3)(b) of the Cenvat Credit Rules, 2001; payment based only on the value of the bodies was insufficient, so duty and interest were confirmed. On penalty, the majority treated the dispute as one of notification and credit interpretation and held that penalty was not warranted, so the penalty was set aside despite a dissent. Case-Laws Central Excise Mon, 05 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344151