https://www.taxtmi.com/caselaws?id=360101 Notification-based exemption was held available where the earlier concessional notification had ceased to operate, and the appellant's credit position was found to be revenue neutral because the credit was either utilised for duty payment or reversed. On that basis, the demand of differential duty and interest was not sustainable. Penalty was also found unwarranted because the lapse was treated as a bona fide mistake arising from continued reliance on the earlier concessional regime, so the penal consequence was set aside. The impugned order was accordingly set aside and relief followed. en-us Wed, 02 May 2018 00:00:00 +0530 Tue, 13 Nov 2018 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360101 Notification-based exemption was held available where the earlier concessional notification had ceased to operate, and the appellant's credit position was found to be revenue neutral because the credit was either utilised for duty payment or reversed. On that basis, the demand of differential duty and interest was not sustainable. Penalty was also found unwarranted because the lapse was treated as a bona fide mistake arising from continued reliance on the earlier concessional regime, so the penal consequence was set aside. The impugned order was accordingly set aside and relief followed. Case-Laws Central Excise Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360101