https://www.taxtmi.com/caselaws?id=760206 CESTAT Ahmedabad allowed appellant's appeal regarding exemption under N/N. 30/2004-CE for texturized yarn and knitted fabrics. The tribunal held that knitted fabrics manufactured from duty-paid POY without availing Cenvat credit on inputs qualified for exemption under the notification. The court ruled that even when initial inputs were cenvatted but intermediate products were manufactured with duty payment and no Cenvat credit was taken on those intermediate goods, the final product remained eligible for exemption. Extended period of limitation was deemed inapplicable as the case involved interpretational issues of exemption notification without suppression of facts or mala fide intention. en-us Tue, 15 Oct 2024 00:00:00 +0530 Fri, 18 Oct 2024 09:13:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760206 CESTAT Ahmedabad allowed appellant's appeal regarding exemption under N/N. 30/2004-CE for texturized yarn and knitted fabrics. The tribunal held that knitted fabrics manufactured from duty-paid POY without availing Cenvat credit on inputs qualified for exemption under the notification. The court ruled that even when initial inputs were cenvatted but intermediate products were manufactured with duty payment and no Cenvat credit was taken on those intermediate goods, the final product remained eligible for exemption. Extended period of limitation was deemed inapplicable as the case involved interpretational issues of exemption notification without suppression of facts or mala fide intention. Case-Laws Central Excise Tue, 15 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760206