https://www.taxtmi.com/caselaws?id=758674 CESTAT Bangalore held that appellant was not eligible for exemption benefits under Notifications 21/2002-Cus and 12/2012-Cus for imported parts used in manufacturing outdoor cabinets/telecom racks supplied to a company for BTS systems. The Tribunal applied strict interpretation principle for exemption notifications. However, extended period of limitation was set aside as appellant had correctly declared goods and no suppression was found. Penalties on appellant and individuals were also set aside. Demand was restricted to normal period with interest. Appeal partially allowed. en-us Fri, 23 Aug 2024 00:00:00 +0530 Tue, 17 Sep 2024 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758674 CESTAT Bangalore held that appellant was not eligible for exemption benefits under Notifications 21/2002-Cus and 12/2012-Cus for imported parts used in manufacturing outdoor cabinets/telecom racks supplied to a company for BTS systems. The Tribunal applied strict interpretation principle for exemption notifications. However, extended period of limitation was set aside as appellant had correctly declared goods and no suppression was found. Penalties on appellant and individuals were also set aside. Demand was restricted to normal period with interest. Appeal partially allowed. Case-Laws Central Excise Fri, 23 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758674