https://www.taxtmi.com/caselaws?id=200612 A fiscal exemption tied to captive consumption under Notification No. 121/94-CE was available only on strict compliance with Chapter X of the Central Excise Rules, including prior registration, declarations, bonds, accounts and returns at both supplier and recipient units. Intended use and partial record-keeping could not replace the prescribed procedure, because those requirements formed part of the substance of the exemption and guarded against diversion or misuse. The commentary also notes that Thermax Private Ltd. and J.K. Synthetics were confined to their facts and did not create a general rule excusing non-compliance with mandatory exemption conditions. The Court therefore upheld strict observance of the statutory framework. en-us Thu, 18 Nov 2010 00:00:00 +0530 Sat, 07 Apr 2018 12:06:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200612 A fiscal exemption tied to captive consumption under Notification No. 121/94-CE was available only on strict compliance with Chapter X of the Central Excise Rules, including prior registration, declarations, bonds, accounts and returns at both supplier and recipient units. Intended use and partial record-keeping could not replace the prescribed procedure, because those requirements formed part of the substance of the exemption and guarded against diversion or misuse. The commentary also notes that Thermax Private Ltd. and J.K. Synthetics were confined to their facts and did not create a general rule excusing non-compliance with mandatory exemption conditions. The Court therefore upheld strict observance of the statutory framework. Case-Laws Central Excise Thu, 18 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200612