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Central Excise - Highlights / Catch Notes

Home Highlights June 2024 Year 2024 This

The case involves final assessment of provisional assessments ...


CESTAT ruled in favor of the appellant for final assessment methodology. CA certificate accepted. No suppression of facts.

Case Laws     Central Excise

June 10, 2024

The case involves final assessment of provisional assessments u/s Best Judgement method. Appellant used a formula approved by Department and submitted CA certificate for assessable value. Adjudicating authority verified documents but disregarded CA certificate without reason. Tribunal held CA certificate valid for final assessment. Extended limitation period not applicable as no suppression of facts. Show Cause Notice issued beyond normal period not sustainable. Impugned order set aside, appeal allowed.

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