Extended period of Limitation under Excise Act cannot be invoked When Assesee disclosed Cenvat Credit availed in Monthly ER-1 returns: CESTAT [Read Order]

The Tribunal found that the assessee disclosed the CENVAT credit availed by them in their monthly ER-1 returns, therefore, the allegation of suppression of facts with intent to evade payment of duty is unsustainable
CESTAT - CESTAT Bangalore - Cenvat Credit - Excise Act - Excise duty - taxscan

The Bangalore bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) held that an extended period of limitation under the Excise Act cannot be invoked when the assesee disclosed credit availed in monthly ER-1 returns. M/s. Kalyani Steels Limited, the appellants are engaged in the manufacture of Pig Iron ( Solid…

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