https://www.taxtmi.com/caselaws?id=357042 The Revenue's appeal against the order setting aside the demand for 10% value of goods cleared to a SEZ developer due to the non-maintenance of separate records of inputs/input services was dismissed by the High Court. The court found that the obligation to pay duty was not applicable at the relevant time, and the respondent was entitled to exemption under the Special Economic Zones Act. The court emphasized the mandatory requirement to maintain separate records but concluded that the penalty waiver was justified. The appeal was deemed without merit and dismissed. en-us Fri, 13 Oct 2017 00:00:00 +0530 Sat, 17 Mar 2018 07:59:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357042 The Revenue's appeal against the order setting aside the demand for 10% value of goods cleared to a SEZ developer due to the non-maintenance of separate records of inputs/input services was dismissed by the High Court. The court found that the obligation to pay duty was not applicable at the relevant time, and the respondent was entitled to exemption under the Special Economic Zones Act. The court emphasized the mandatory requirement to maintain separate records but concluded that the penalty waiver was justified. The appeal was deemed without merit and dismissed. Case-Laws Central Excise Fri, 13 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357042