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Central Excise - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Suppression of facts - Extended period of limitation - The ...


Revenue Authority Approves Price List; Cannot Claim Fact Suppression or Misdeclaration for Extended Limitation Period.

August 7, 2015

Case Laws     Central Excise     HC

Suppression of facts - Extended period of limitation - The method or formula may have been incorrect or not the applicable one, but the revenue proceeded to approve the price list - Now revenue cannot turn around and allege suppression or mis declaration on the part of the assessee - HC

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