https://www.taxtmi.com/caselaws?id=96184 Duty demand and penalty could not be sustained where the department failed to establish suppression of facts with intent to evade duty. The assessee had disclosed the texturing activity, held a certificate from the jurisdictional Superintendent showing manufacture of exempted goods, and bought yarn from the local market at a price inclusive of excise duty, supporting a bona fide belief that duty had already been paid. On these facts, the extended limitation period was inapplicable, so the demand was time-barred and the penalty failed. en-us Tue, 15 May 2001 00:00:00 +0530 Sat, 17 Dec 2011 18:05:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96184 Duty demand and penalty could not be sustained where the department failed to establish suppression of facts with intent to evade duty. The assessee had disclosed the texturing activity, held a certificate from the jurisdictional Superintendent showing manufacture of exempted goods, and bought yarn from the local market at a price inclusive of excise duty, supporting a bona fide belief that duty had already been paid. On these facts, the extended limitation period was inapplicable, so the demand was time-barred and the penalty failed. Case-Laws Central Excise Tue, 15 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96184