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2018 (6) TMI 629 - AT - Central ExciseValuation - Time Limitation - Whether the advance liences so procured by the appellants from their customers under which duty-free imports stand made by the appellants are required to be considered as an additional consideration received by the appellants from their buyers or not? - Held that:- The entire issue was revenue neutral. In such a scenario, no malafide can be attributed to the assessee, so as to invoke the larger period of limitation - extended period of limitation would not be available to Revenue. Only a part of the period would fall within the limitation, the authorities below are directed to quantify the demand failing within the normal period. Penalty - Held that:- on account of absence of any malafide, penalty not warranted. Appeal allowed - decided in favor of appellant.
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