https://www.taxtmi.com/caselaws?id=198416 Notification No. 14/2002-C.E. was interpreted as allowing concessional or nil duty on textile yarn and fabrics where the statutory scheme created a deeming fiction that treated specified goods as duty-paid. The controlling point was that the condition requiring appropriate duty on inputs could not be denied merely because the intermediate or input goods were not independently shown to have suffered duty, since the legal fiction under Explanation II had to be given full effect. The exemption therefore remained available, and the associated demand for duty, interest, and penalty could not be sustained on that basis. en-us Thu, 28 Jul 2016 00:00:00 +0530 Wed, 31 Jan 2018 07:48:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198416 Notification No. 14/2002-C.E. was interpreted as allowing concessional or nil duty on textile yarn and fabrics where the statutory scheme created a deeming fiction that treated specified goods as duty-paid. The controlling point was that the condition requiring appropriate duty on inputs could not be denied merely because the intermediate or input goods were not independently shown to have suffered duty, since the legal fiction under Explanation II had to be given full effect. The exemption therefore remained available, and the associated demand for duty, interest, and penalty could not be sustained on that basis. Case-Laws Central Excise Thu, 28 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198416