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2009 (3) TMI 176 - AT - Central ExciseDemand – extended period of limitation – held that - the earlier decision of the Tribunal as also the fact of other assessees similarly situate not paying any duty on such drill rods are sufficient reason for the assessee to entertain a bona fide belief that such emergence of drill rods was not an act of manufacture. - in spite of not applying for licence or filing any CL or PL, there could be a bona fide belief on the part of the assessee, is appropriate. As such we are of the view that the demand having been raised beyond the normal period of limitation is barred by limitation. The same alongwith penalty, is accordingly set aside on this ground alone, without going into the merits of the case
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