No Duty Exemption if Slum Sale Agreement made only to extend benefit of Exemption beyond 10 years

Pegasus Pharmaco India Pvt Ltd. Vs Commissioner Central Goods & Service Tax (CESTAT Delhi)

a) Balaji has not commenced commercial production prior to the cut-off date of 31.3.2010 even though a single invoice was issued and therefore, it was not entitled to the benefit of the exemption notification nor has it claimed it until a few days before the slump sale agreement.

b) The so called slump sale agreement between Balaji and the assessee was, in essence, only an agreement by which the

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