https://www.taxtmi.com/caselaws?id=459046 The CESTAT Bangalore allowed the appeal regarding exemption under Notification 5/2006-CE for gold bars manufactured at Hutti. The tribunal held that primary gold converted from any form of gold, including gold powder/concentrate obtained through physical and chemical processes from gold ore, qualifies for nil rate of duty under Chapter 71. The appellant's dore bars with 90-92% gold purity satisfied the notification's requirements. The tribunal interpreted "conversion from any form of gold" to include the manufacturing process from gold concentrate to primary gold, rejecting the Revenue's narrow interpretation that required pre-existing metallic gold. The demand for excise duty with penalty was set aside. en-us Tue, 19 Mar 2024 00:00:00 +0530 Wed, 27 Nov 2024 18:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459046 The CESTAT Bangalore allowed the appeal regarding exemption under Notification 5/2006-CE for gold bars manufactured at Hutti. The tribunal held that primary gold converted from any form of gold, including gold powder/concentrate obtained through physical and chemical processes from gold ore, qualifies for nil rate of duty under Chapter 71. The appellant's dore bars with 90-92% gold purity satisfied the notification's requirements. The tribunal interpreted "conversion from any form of gold" to include the manufacturing process from gold concentrate to primary gold, rejecting the Revenue's narrow interpretation that required pre-existing metallic gold. The demand for excise duty with penalty was set aside. Case-Laws Central Excise Tue, 19 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459046