https://www.taxtmi.com/caselaws?id=83898 The extended limitation period for excise demand was held unavailable because there was no evidence of fraud, collusion, wilful misstatement, or suppression of material facts with intent to evade duty. Mere non-compliance with excise formalities was treated as insufficient, particularly where the assessee acted under a bona fide belief about duty liability following earlier withdrawal of demands. The demand for the relevant period was therefore time-barred. On penalty, the tribunal found the original amount excessive in the circumstances and reduced it accordingly. en-us Mon, 09 Jan 1995 00:00:00 +0530 Mon, 18 Jul 2011 15:31:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83898 The extended limitation period for excise demand was held unavailable because there was no evidence of fraud, collusion, wilful misstatement, or suppression of material facts with intent to evade duty. Mere non-compliance with excise formalities was treated as insufficient, particularly where the assessee acted under a bona fide belief about duty liability following earlier withdrawal of demands. The demand for the relevant period was therefore time-barred. On penalty, the tribunal found the original amount excessive in the circumstances and reduced it accordingly. Case-Laws Central Excise Mon, 09 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83898