https://www.taxtmi.com/caselaws?id=373392 Exemption on gold bars made from dore bars applied until dore bar was expressly excluded from the phrase "any form of gold," but the exclusion operated prospectively and suppression justified extended limitation for the disputed period. Retrospective amendment later exempted unbranded gold and silver coins, removing the duty basis for that period. Branded gold and silver coins required verification for the earlier sub-period, while the later demand was largely sustained because exemption conditions were not proved, though the related penalty was set aside. Jewellery demand failed because adjudication travelled beyond the show cause notice. The 6% CENVAT demand was remanded for factual verification. Related-person valuation based only on common directors failed, and the undervaluation demand and connected penalties were set aside. en-us Thu, 10 Jan 2019 00:00:00 +0530 Sat, 12 Jan 2019 06:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373392 Exemption on gold bars made from dore bars applied until dore bar was expressly excluded from the phrase "any form of gold," but the exclusion operated prospectively and suppression justified extended limitation for the disputed period. Retrospective amendment later exempted unbranded gold and silver coins, removing the duty basis for that period. Branded gold and silver coins required verification for the earlier sub-period, while the later demand was largely sustained because exemption conditions were not proved, though the related penalty was set aside. Jewellery demand failed because adjudication travelled beyond the show cause notice. The 6% CENVAT demand was remanded for factual verification. Related-person valuation based only on common directors failed, and the undervaluation demand and connected penalties were set aside. Case-Laws Central Excise Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373392