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Audit Team Demanding last 5 years record with revision Urgently

Central Excise - Started By: - Prem Bajaj - Dated:- 12-7-2016 Last Replied Date:- 14-7-2016 - Dear Experts,I am a manufacturer and imports raw material and i am paying Custom duty with BCD, CVD, Spl CVD, EC & SHEC. And i have taken credit of CVD and Spl CVD plus proportionate EC and SHEC in proportion of CVD and Spl CVD.At the time of FY 2012-13,2013-14 it was so confusing and i discussed with excise auditor but excise auditor said nothing is wrong you can take credit of the same and he didn .....

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artment cannot invoke the extended period of five years on the ground of suppression of fact etc. There are judgements of High Court on this issue in favour of the assessee. However, If SCN is issued, that would not sustain but doors for facing the rigours of litigation would be opened. You are late now. Not too late. - Reply By Ganeshan Kalyani - The Reply = Sir, I have seen that even if an audit has happened, the department issues a Notice if they are of firm view that tax has been escaped. Th .....

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