https://www.taxtmi.com/caselaws?id=763553 Where final products were wholly exempt or nil-rated, the Tribunal held that denial of credit could not be sustained merely on the basis of a separate-accounting objection, since the restriction was aimed at mixed clearances of dutiable and exempt goods. It further held that the demand, interest and penalty could not survive on allegations of suppression where the assessee had filed periodic declarations and the matter was revenue neutral on the facts found. The extended period was therefore not available, and the confirmation of duty, interest and penalty was set aside with consequential relief. en-us Thu, 19 Dec 2024 00:00:00 +0530 Sat, 21 Dec 2024 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763553 Where final products were wholly exempt or nil-rated, the Tribunal held that denial of credit could not be sustained merely on the basis of a separate-accounting objection, since the restriction was aimed at mixed clearances of dutiable and exempt goods. It further held that the demand, interest and penalty could not survive on allegations of suppression where the assessee had filed periodic declarations and the matter was revenue neutral on the facts found. The extended period was therefore not available, and the confirmation of duty, interest and penalty was set aside with consequential relief. Case-Laws Central Excise Thu, 19 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763553