2010 (12) TMI 175

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..... did not reverse the correct credit amount of CENVAT involved on the closing stock of inputs and inputs contained in finished goods lying in stock, after opting to full exemption in terms of Notification No.8/2003-CE dt. 1.3.03 w.e.f. 1.4.05  according to the assessees, the CENVAT credit required to be reversed was only Rs.16,636/- which was done by them, while according to the Revenue, they .....

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..... on of sales tax and freight etc. 3. I find that the lower appellate authority has not recorded detailed finding on all the submissions raised by the assessees such as, non-applicability of the extended period of limitation, the submission that profit and loss account is a public document and if demand is made on that basis, no suppression can be alleged, and also that the request for destruction .....

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