https://www.taxtmi.com/caselaws?id=279880 Exemption under Notification No. 53/97-Cus was held to depend on strict compliance with the condition that furnace oil be used in the assessee's own captive power plant for manufacture of export goods; because the oil was supplied to another concern instead, the exemption was unavailable. The duty demand was not time-barred, as the record did not establish prior departmental knowledge that the assessee had no captive power plant, and a later letter was insufficient to prove such awareness. The penalty was also upheld as not excessive, since it was modest relative to the duty demand and no basis for interference was shown. en-us Tue, 18 Feb 2003 00:00:00 +0530 Tue, 09 Apr 2019 18:42:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279880 Exemption under Notification No. 53/97-Cus was held to depend on strict compliance with the condition that furnace oil be used in the assessee's own captive power plant for manufacture of export goods; because the oil was supplied to another concern instead, the exemption was unavailable. The duty demand was not time-barred, as the record did not establish prior departmental knowledge that the assessee had no captive power plant, and a later letter was insufficient to prove such awareness. The penalty was also upheld as not excessive, since it was modest relative to the duty demand and no basis for interference was shown. Case-Laws Customs Tue, 18 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279880