https://www.taxtmi.com/caselaws?id=427320 The Tribunal upheld the Commissioner's decision, denying the assessee the benefit of the exemption under Notification No. 49/2003-CE. The demand for duty and interest was confirmed, and penalties imposed on the appellants were upheld. The Tribunal found that the actions of the parties were aimed at unlawfully extending the exemption benefit, utilizing the slump sale agreement and subsequent MOU. The appeals were rejected, and the impugned order was upheld, emphasizing the ineligibility of the assessee for the exemption. en-us Mon, 05 Sep 2022 00:00:00 +0530 Wed, 07 Sep 2022 06:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427320 The Tribunal upheld the Commissioner's decision, denying the assessee the benefit of the exemption under Notification No. 49/2003-CE. The demand for duty and interest was confirmed, and penalties imposed on the appellants were upheld. The Tribunal found that the actions of the parties were aimed at unlawfully extending the exemption benefit, utilizing the slump sale agreement and subsequent MOU. The appeals were rejected, and the impugned order was upheld, emphasizing the ineligibility of the assessee for the exemption. Case-Laws Central Excise Mon, 05 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427320