https://www.taxtmi.com/caselaws?id=51525 Recovery of the amount computed at 8% of the value of exempted clearances under Rule 57CC was held unenforceable because neither the Act nor the rules provided a machinery provision for such recovery. The Tribunal noted the assessee's offer to reverse the credit relatable to inputs used in exempted final products, but the confirmed demand and consequential penalty were based on Rule 57CC recovery and could not stand without statutory authority. The demand and penalty were therefore set aside, and relief was granted to the assessee. en-us Fri, 15 Feb 2002 00:00:00 +0530 Sat, 25 Sep 2010 12:25:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51525 Recovery of the amount computed at 8% of the value of exempted clearances under Rule 57CC was held unenforceable because neither the Act nor the rules provided a machinery provision for such recovery. The Tribunal noted the assessee's offer to reverse the credit relatable to inputs used in exempted final products, but the confirmed demand and consequential penalty were based on Rule 57CC recovery and could not stand without statutory authority. The demand and penalty were therefore set aside, and relief was granted to the assessee. Case-Laws Central Excise Fri, 15 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51525