https://www.taxtmi.com/caselaws?id=443512 Conditions attached to an exemption notification under fiscal law must be strictly complied with; where non-availment of CENVAT credit is a condition for the concessional rate, later reversal with interest does not cure the original breach. On the facts stated, the benefit of Notification No. 1/2011 was denied. Conscious and prolonged availment of inadmissible credit supported invocation of the extended limitation period under the proviso to Section 11A and attracted penalty on the company, subject to re-determination to reflect duty already paid at the concessional rate. Personal penalty on senior officers was not justified where the notice contained no specific allegation of their direct involvement. en-us Wed, 20 Sep 2023 00:00:00 +0530 Tue, 26 Sep 2023 08:16:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443512 Conditions attached to an exemption notification under fiscal law must be strictly complied with; where non-availment of CENVAT credit is a condition for the concessional rate, later reversal with interest does not cure the original breach. On the facts stated, the benefit of Notification No. 1/2011 was denied. Conscious and prolonged availment of inadmissible credit supported invocation of the extended limitation period under the proviso to Section 11A and attracted penalty on the company, subject to re-determination to reflect duty already paid at the concessional rate. Personal penalty on senior officers was not justified where the notice contained no specific allegation of their direct involvement. Case-Laws Central Excise Wed, 20 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443512