https://www.taxtmi.com/caselaws?id=354028 Exemption under Notification No. 108/1995-CE applies to supplies made for a qualifying project even when the goods are cleared to contractors executing the work, because supply to the contractor is treated as supply to the project itself. Explanation 2 inserted from 01.03.2008 was construed as restricting withdrawal of capital goods during the currency of the project, not after project completion, and it could not be read to enlarge the main notification beyond its scope. On that basis, denial of exemption was found unjustified and the resulting demand and penalties were stated not to survive. en-us Wed, 10 Jan 2018 00:00:00 +0530 Wed, 13 Mar 2019 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354028 Exemption under Notification No. 108/1995-CE applies to supplies made for a qualifying project even when the goods are cleared to contractors executing the work, because supply to the contractor is treated as supply to the project itself. Explanation 2 inserted from 01.03.2008 was construed as restricting withdrawal of capital goods during the currency of the project, not after project completion, and it could not be read to enlarge the main notification beyond its scope. On that basis, denial of exemption was found unjustified and the resulting demand and penalties were stated not to survive. Case-Laws Central Excise Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354028