https://www.taxtmi.com/caselaws?id=449862 Defective PET chips and PET lumps generated in the ordinary course of manufacture were treated as part of production for SION compliance because the quantities were reflected in statutory returns and records, and Note 2 to the SION was applied as explanatory of the normal production process rather than as a new future-only norm. The extended period of limitation was held unavailable where the relevant data was disclosed in ER-2 and ER-5 returns and the dispute was interpretational, so suppression was not established. The normal-period demand was remanded for fresh quantification after credit for defective production and the SION amendment, and no penalty was to be imposed. en-us Wed, 24 Jan 2024 00:00:00 +0530 Thu, 22 Feb 2024 06:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449862 Defective PET chips and PET lumps generated in the ordinary course of manufacture were treated as part of production for SION compliance because the quantities were reflected in statutory returns and records, and Note 2 to the SION was applied as explanatory of the normal production process rather than as a new future-only norm. The extended period of limitation was held unavailable where the relevant data was disclosed in ER-2 and ER-5 returns and the dispute was interpretational, so suppression was not established. The normal-period demand was remanded for fresh quantification after credit for defective production and the SION amendment, and no penalty was to be imposed. Case-Laws Central Excise Wed, 24 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449862