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2012 (9) TMI 419 - CESTAT, KOLKATANon-accounting of consumption of inputs - penalty under rule 27 - Held that:- As the proceedings were initiated for not accounting of consumption of 23594.380 Kgs. of inputs namely CI Casting in their daily stock account for the period from December, 2000 to March, 2004 and the demand was issued on 27.12.2005 beyond the normal period prescribed under section 11A which has been made applicable as per the provisions of Rule 12 of CENVAT Credit Rules, 2002. As there is was no allegation of suppression, willful misstatement in the show cause notice and the department could not bring out that the appellant have removed the inputs or finished goods or scrap clandestinely in these circumstances the demand is hit by limitation of time - in favour of assessee.
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