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2011 (6) TMI 567 - AT - Central ExciseApplicability of period of limitation on demand of Interest - price variation clause - department was fully aware that the assessee was raising supplementary invoices for recovery of differential prices subsequent to the clearance of the goods and they were also discharging differential duty liability on issue of supplementary invoices – Held that:- department should have initiated the proceedings for recovery of interest within a period of one year from the date of filing of monthly returns. Since the demand notice is issued only on 07/08/2009, the demand for recovery of interest for the period prior to July, 2008 will be beyond the reasonable period of one year and, therefore, the same is barred by limitation. Only for the period from July 2008 (for which the return is required to filed in August 2009), the demand for interest can be considered to be within the reasonable period. order and direct the original adjudicating authority to re-quantify the interest liability for the normal period of one year
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