https://www.taxtmi.com/caselaws?id=384193 The Tribunal held that the product "Cadbury Perk with Glucose Energy" does not qualify for exemption under Notification No. 03/2006 as it was classified as "coated wafers" and not "wafer biscuits". Dealer's margin and RD markup were excluded from the assessable value, and post-manufacturing expenses were to be verified. The extended period of limitation was not sustainable, and penalties imposed on Little Star and Mondelez were set aside. Mondelez's appeals were allowed, while Little Star's appeals were partly allowed for further verification and recomputation of duty and interest, excluding extended period demands. en-us Tue, 06 Aug 2019 00:00:00 +0530 Mon, 06 Jan 2020 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384193 The Tribunal held that the product "Cadbury Perk with Glucose Energy" does not qualify for exemption under Notification No. 03/2006 as it was classified as "coated wafers" and not "wafer biscuits". Dealer's margin and RD markup were excluded from the assessable value, and post-manufacturing expenses were to be verified. The extended period of limitation was not sustainable, and penalties imposed on Little Star and Mondelez were set aside. Mondelez's appeals were allowed, while Little Star's appeals were partly allowed for further verification and recomputation of duty and interest, excluding extended period demands. Case-Laws Central Excise Tue, 06 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384193