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2017 (10) TMI 1105 - CESTAT CHENNAITransfer of input service credit - utilisation of credit for payment of excise duty - extended period of limitation - Held that: - It is seen that the proceedings has been initiated against the appellant on the basis of the audit conducted by the department and an objection raised by them, based upon the entries made in their statutory accounts. As such, it can be safely concluded that the appellant had reflected all the facts in their accounts - appellant had filed the returns disclosing the factual position to the Revenue. This reflects upon the bonafide of the appellant and even if there is some different view of the Revenue, the appellant cannot be saddled with any malafide, so as to justifiably invoke the longer period - extended period cannot be invoked - demand set aside - appeal allowed - decided in favor of appellant.
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