https://www.taxtmi.com/caselaws?id=53383 The Tribunal concluded that the appellant used power in the processing of fabrics, rendering them ineligible for exemption. The amendment introduced by Notification No. 35/99-C.E. was not applied retrospectively. The extended period for demanding duty was deemed applicable due to the appellant's suppression of facts. The Tribunal upheld the duty demand, imposed a reduced penalty of Rs. 25 lakhs, and allowed deductions towards duty and eligibility for Modvat credit, subject to verification. en-us Thu, 07 Oct 2004 00:00:00 +0530 Tue, 12 Oct 2010 18:47:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53383 The Tribunal concluded that the appellant used power in the processing of fabrics, rendering them ineligible for exemption. The amendment introduced by Notification No. 35/99-C.E. was not applied retrospectively. The extended period for demanding duty was deemed applicable due to the appellant's suppression of facts. The Tribunal upheld the duty demand, imposed a reduced penalty of Rs. 25 lakhs, and allowed deductions towards duty and eligibility for Modvat credit, subject to verification. Case-Laws Central Excise Thu, 07 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53383