https://www.taxtmi.com/caselaws?id=124517 Extended period of limitation could not be invoked where the Revenue knew the relevant facts and the assessee acted under a bona fide belief regarding eligibility to Notification No. 108/95-C.E. The exemption was denied because the project was financed by Japan Bank for International Cooperation, which was not treated as a notified international organization, but the show cause notice still covered a period beyond the normal limitation period. As there was no suppression or misstatement, and similar certificates had been issued in comparable matters, the demand was held time-barred and the impugned order was set aside. en-us Tue, 06 Feb 2007 00:00:00 +0530 Mon, 01 Oct 2012 13:16:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124517 Extended period of limitation could not be invoked where the Revenue knew the relevant facts and the assessee acted under a bona fide belief regarding eligibility to Notification No. 108/95-C.E. The exemption was denied because the project was financed by Japan Bank for International Cooperation, which was not treated as a notified international organization, but the show cause notice still covered a period beyond the normal limitation period. As there was no suppression or misstatement, and similar certificates had been issued in comparable matters, the demand was held time-barred and the impugned order was set aside. Case-Laws Central Excise Tue, 06 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124517