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2015 (8) TMI 585 - SC - Central ExciseInvocation of extended period of limitation - Valuation - Held that:- issue as to what factors should be taken into consideration for arriving at the cost of production was clarified by the Department in its Circular dated 30.10.1996 and on that basis in the case of Commissioner of Central Excise, Ahmedabad vs. Asarwa Mills [2015 (4) TMI 816 - SUPREME COURT], this Court took the view that the assessees could not be faulted with for taking into consideration some of those paras prior to the issuance of the said clarificatory circular. - Applying the principle extended period of limitation up to September, 1996 cannot be invoked. - Decided in favour of assessee.
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