https://www.taxtmi.com/caselaws?id=354795 An exemption notification implementing the Foreign Trade Policy must be construed in harmony with the policy scheme, so the 50% FOB ceiling for DTA sales is linked to the year of accrual of entitlement and permitted utilisation, not the year of actual clearance. Serial no. 3 exemption applies where the particular DTA-cleared goods are manufactured wholly from indigenous raw material, and the mere use of imported inputs for other goods does not disqualify the unit. Where clearances and export values were disclosed in returns and departmental officers had countersigned invoices, suppression was not established, extended limitation could not be invoked, and penalty under section 11AC could not survive. en-us Thu, 11 Jan 2018 00:00:00 +0530 Fri, 23 Feb 2018 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354795 An exemption notification implementing the Foreign Trade Policy must be construed in harmony with the policy scheme, so the 50% FOB ceiling for DTA sales is linked to the year of accrual of entitlement and permitted utilisation, not the year of actual clearance. Serial no. 3 exemption applies where the particular DTA-cleared goods are manufactured wholly from indigenous raw material, and the mere use of imported inputs for other goods does not disqualify the unit. Where clearances and export values were disclosed in returns and departmental officers had countersigned invoices, suppression was not established, extended limitation could not be invoked, and penalty under section 11AC could not survive. Case-Laws Central Excise Thu, 11 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354795