2018 (10) TMI 1767

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..... Co-op. Milk P. Union Ltd. [ 2007 (10) TMI 300 - SUPREME COURT ] is clear that wherever power is conferred upon any statutory authority which can potentially result in infliction of penalty or such adverse orders, the jurisdiction is to be invoked within reasonable time atleast from obtaining the information preferably within five years. In this case the jurisdiction to invoke penalty clause was .....

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..... eferred by Commissioner of Customs (Export) holding that the show cause notice for imposition of penalty was barred by limitation? 2. The brief facts are that the Customs Authorities were of the opinion - as on 25-4-2018 when information was received, that the respondent/assessee availed the benefit under Notification No. 48/2000-Cus., wrongly however, show cause notice was issued m .....

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..... inflict penalty was unwarranted. 3. This Court has considered the submissions of the parties. The decision in Bhatinda District Co-op. Milk P. Union Ltd. (supra) is clear that wherever power is conferred upon any statutory authority which can potentially result in infliction of penalty or such adverse orders, the jurisdiction is to be invoked within reasonable time atleast from obtain .....

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