https://www.taxtmi.com/caselaws?id=54629 A later cancellation or clarification regarding the certifying authority could not operate retrospectively to deny exemption under Notification No. 108/95-C.E. where the assessee had relied on certificates then issued by the competent authority and acted in bona fide belief that the project was eligible. The retrospective use of the later clarification could not unsettle completed transactions or fasten duty liability for the earlier period, and the demand and penalty were therefore not sustainable. Relief was granted on the same principle applied in an earlier Tribunal decision on identical facts. en-us Fri, 05 Aug 2005 00:00:00 +0530 Thu, 21 Oct 2010 12:04:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54629 A later cancellation or clarification regarding the certifying authority could not operate retrospectively to deny exemption under Notification No. 108/95-C.E. where the assessee had relied on certificates then issued by the competent authority and acted in bona fide belief that the project was eligible. The retrospective use of the later clarification could not unsettle completed transactions or fasten duty liability for the earlier period, and the demand and penalty were therefore not sustainable. Relief was granted on the same principle applied in an earlier Tribunal decision on identical facts. Case-Laws Central Excise Fri, 05 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54629