https://www.taxtmi.com/caselaws?id=754710 CESTAT Bangalore allowed the appeal regarding retrospective application of exemption N/N. 50/2008-CE (NT) dated 31.12.2008 for supply of exempted goods to SEZ units and developers. The revenue objected that exemption was only applicable to goods cleared to units, not SEZ developers. Following jurisdictional HC precedent and Division Bench decision, the tribunal held that supplies to SEZ developers are eligible for exemption. The demand for duty, recovery of Cenvat credit, and penalty were set aside as unsustainable. en-us Tue, 25 Jun 2024 00:00:00 +0530 Sat, 29 Jun 2024 08:08:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754710 CESTAT Bangalore allowed the appeal regarding retrospective application of exemption N/N. 50/2008-CE (NT) dated 31.12.2008 for supply of exempted goods to SEZ units and developers. The revenue objected that exemption was only applicable to goods cleared to units, not SEZ developers. Following jurisdictional HC precedent and Division Bench decision, the tribunal held that supplies to SEZ developers are eligible for exemption. The demand for duty, recovery of Cenvat credit, and penalty were set aside as unsustainable. Case-Laws Central Excise Tue, 25 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754710