https://www.taxtmi.com/caselaws?id=789223 A government-owned mint remained an institution belonging to the Government of India after corporatisation because all shares were held by the Union, administrative and financial control stayed with the Government, and the entity continued sovereign minting functions under governmental authority. On that basis, the exemption under Notification No. 62/95-C.E. continued to apply, and the later substitution by Notification No. 3/2010-C.E. supported that position. As the exemption stood, the confirmed excise demand could not survive; the penalty under Rule 27 was also unsustainable. The duty, interest, and penalty already paid pursuant to the impugned order were therefore refundable. en-us Mon, 09 Mar 2026 00:00:00 +0530 Mon, 06 Apr 2026 08:51:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789223 A government-owned mint remained an institution belonging to the Government of India after corporatisation because all shares were held by the Union, administrative and financial control stayed with the Government, and the entity continued sovereign minting functions under governmental authority. On that basis, the exemption under Notification No. 62/95-C.E. continued to apply, and the later substitution by Notification No. 3/2010-C.E. supported that position. As the exemption stood, the confirmed excise demand could not survive; the penalty under Rule 27 was also unsustainable. The duty, interest, and penalty already paid pursuant to the impugned order were therefore refundable. Case-Laws Central Excise Mon, 09 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789223