https://www.taxtmi.com/caselaws?id=128256 CENVAT credit on inputs supplied by a 100% EOU must be recomputed by applying the prescribed method: the admissible credit is limited to the duty equivalent determined with reference to the additional duty of customs on like imported goods and the duty actually paid by the EOU. Because the lower authority had not applied that method, the credit quantum required fresh quantification by the adjudicating authority. On limitation, the assessee's bona fide belief, supported by a Tribunal decision, meant suppression with intent to evade duty was not established, so only the normal period of limitation could be used and the extended period was unavailable. en-us Mon, 31 Aug 2009 00:00:00 +0530 Mon, 12 Jun 2017 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128256 CENVAT credit on inputs supplied by a 100% EOU must be recomputed by applying the prescribed method: the admissible credit is limited to the duty equivalent determined with reference to the additional duty of customs on like imported goods and the duty actually paid by the EOU. Because the lower authority had not applied that method, the credit quantum required fresh quantification by the adjudicating authority. On limitation, the assessee's bona fide belief, supported by a Tribunal decision, meant suppression with intent to evade duty was not established, so only the normal period of limitation could be used and the extended period was unavailable. Case-Laws Central Excise Mon, 31 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128256