https://www.taxtmi.com/caselaws?id=248402 The Tribunal allowed the appeals, setting aside the demand and penalties, emphasizing the lack of evidence for clandestine disposal and the inapplicability of the extended limitation period. The appellant's explanation of using GP sheets after de-galvanization was deemed plausible, while the Revenue's case was criticized for being based on assumptions without concrete evidence. The demand was also barred by limitation as the appellant duly reflected the credit in statutory records and filed requisite returns, leading to the confirmation of demand and imposition of penalties being set aside. en-us Mon, 05 May 2014 00:00:00 +0530 Wed, 19 Nov 2014 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248402 The Tribunal allowed the appeals, setting aside the demand and penalties, emphasizing the lack of evidence for clandestine disposal and the inapplicability of the extended limitation period. The appellant's explanation of using GP sheets after de-galvanization was deemed plausible, while the Revenue's case was criticized for being based on assumptions without concrete evidence. The demand was also barred by limitation as the appellant duly reflected the credit in statutory records and filed requisite returns, leading to the confirmation of demand and imposition of penalties being set aside. Case-Laws Central Excise Mon, 05 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248402