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2016 (12) TMI 589 - AT - Central ExciseInvocation of extended period of limitation - suppression of facts - procurement of inputs from 100% EOU - Held that: - I hold that the appellant had made appropriate disclosures in the returns filed with the Revenue and as such, no case of suppression or contumacious conduct is made out against the appellant. Accordingly, I hold that the extended period of limitation is not attracted. Accordingly, I set aside the demand and penalty retained by the Commissioner (Appeals). So far the Commissioner (Appeals) has deleted the demand and penalty to that extent, there is no interference by this Tribunal. Thus, the appeal is allowed with consequential benefits - decided in favor of assessee.
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