https://www.taxtmi.com/caselaws?id=442781 Exemption under Notification No. 6/2002-CE was upheld for dyed yarn made from duty-paid texturised yarn, even though an intermediate twisted yarn stage had not suffered duty, because the principal input had already borne duty and no CENVAT credit was taken in the relevant process. The demand was also held time-barred, since the exemption claim was openly disclosed in declarations and statutory records and did not amount to suppression or deliberate misstatement with intent to evade duty. The impugned demand and penalty were therefore set aside. en-us Tue, 05 Sep 2023 00:00:00 +0530 Sat, 09 Sep 2023 09:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442781 Exemption under Notification No. 6/2002-CE was upheld for dyed yarn made from duty-paid texturised yarn, even though an intermediate twisted yarn stage had not suffered duty, because the principal input had already borne duty and no CENVAT credit was taken in the relevant process. The demand was also held time-barred, since the exemption claim was openly disclosed in declarations and statutory records and did not amount to suppression or deliberate misstatement with intent to evade duty. The impugned demand and penalty were therefore set aside. Case-Laws Central Excise Tue, 05 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442781