https://www.taxtmi.com/caselaws?id=354025 The Tribunal partially allowed the appeal, requiring the appellant to reverse proportionate credit for furnace oil used in manufacturing exempted products and remanding the matter for further calculation. The penalty was entirely set aside based on interpretational complexities and the appellant's bonafide belief in compliance. en-us Fri, 22 Dec 2017 00:00:00 +0530 Wed, 17 Jan 2018 12:00:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354025 The Tribunal partially allowed the appeal, requiring the appellant to reverse proportionate credit for furnace oil used in manufacturing exempted products and remanding the matter for further calculation. The penalty was entirely set aside based on interpretational complexities and the appellant's bonafide belief in compliance. Case-Laws Central Excise Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354025