https://www.taxtmi.com/caselaws?id=365802 Exemption under Sl. No. 57 of Notification No. 06/2002 was confined to formulations manufactured from bulk drugs expressly listed in List 2, so Oxytetracycline Injectable Solution (Veterinary), being only a derivative of Tetracycline Hydrochloride and not specifically listed, was held outside the exemption. On limitation, the assessee had disclosed the product through a price declaration and monthly returns showing clearance without duty, so the material facts were already before the department and the extended period could not be invoked. The demand was therefore time-barred despite failure on the exemption claim. en-us Mon, 06 Aug 2018 00:00:00 +0530 Fri, 24 Aug 2018 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365802 Exemption under Sl. No. 57 of Notification No. 06/2002 was confined to formulations manufactured from bulk drugs expressly listed in List 2, so Oxytetracycline Injectable Solution (Veterinary), being only a derivative of Tetracycline Hydrochloride and not specifically listed, was held outside the exemption. On limitation, the assessee had disclosed the product through a price declaration and monthly returns showing clearance without duty, so the material facts were already before the department and the extended period could not be invoked. The demand was therefore time-barred despite failure on the exemption claim. Case-Laws Central Excise Mon, 06 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365802