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2014 (5) TMI 716 - AT - Central ExcisePenalty under Section 11AC of the Central Excise Act, 1944, read with Rule 15(2) of the Cenvat Credit Rules, 2004 - Suppression of facts - Evasion of duty - Held that:- On perusal of the show-cause notice there is no allegation of fraud, collusion or willful mis-statement or suppression of facts or contravention of Central Excise Act/ Rules, 1944 with intent to evade payment of duty. Therefore, the extended period of limitation is not invokable and accordingly, penalty is not warranted - Decided in favour of assessee.
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