https://www.taxtmi.com/caselaws?id=204391 The Tribunal referred the case to the Hon'ble President for clarification on the sustainability of demands based on balance sheet information and the invocability of the extended period of limitation. The appeal by Revenue against the dropping of demand and penalty was based on the respondents allegedly receiving an insurance claim. The lower appellate authority had dropped the demand, which Revenue contested, arguing that the extended period was invocable and the duty demand on finished goods was sustainable. The Tribunal's decision highlighted conflicting precedents on this issue, prompting the referral to the Larger Bench for further clarification. en-us Thu, 04 Nov 2010 00:00:00 +0530 Wed, 05 Jun 2013 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204391 The Tribunal referred the case to the Hon'ble President for clarification on the sustainability of demands based on balance sheet information and the invocability of the extended period of limitation. The appeal by Revenue against the dropping of demand and penalty was based on the respondents allegedly receiving an insurance claim. The lower appellate authority had dropped the demand, which Revenue contested, arguing that the extended period was invocable and the duty demand on finished goods was sustainable. The Tribunal's decision highlighted conflicting precedents on this issue, prompting the referral to the Larger Bench for further clarification. Case-Laws Central Excise Thu, 04 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204391