https://www.taxtmi.com/caselaws?id=54288 Notification No. 67/95 was held inapplicable to molasses used as an intermediate input for ethyl alcohol where part of the final product was cleared without duty, because the exemption could not extend to inputs used in producing a non-excisable removal. A percentage reversal from the exempted final product did not cure the ineligibility, so the duty demand on molasses was upheld. The limitation plea was rejected because the assessee had been directed to pay duty yet continued to claim exemption without lawful basis. Penalty on the Managing Director was sustained, as claimed non-involvement in day-to-day operations did not displace responsibility for compliance or the finding of involvement in evasion. en-us Thu, 02 Jun 2005 00:00:00 +0530 Tue, 19 Oct 2010 12:05:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54288 Notification No. 67/95 was held inapplicable to molasses used as an intermediate input for ethyl alcohol where part of the final product was cleared without duty, because the exemption could not extend to inputs used in producing a non-excisable removal. A percentage reversal from the exempted final product did not cure the ineligibility, so the duty demand on molasses was upheld. The limitation plea was rejected because the assessee had been directed to pay duty yet continued to claim exemption without lawful basis. Penalty on the Managing Director was sustained, as claimed non-involvement in day-to-day operations did not displace responsibility for compliance or the finding of involvement in evasion. Case-Laws Central Excise Thu, 02 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54288