https://www.taxtmi.com/caselaws?id=252840 The Tribunal dismissed the appeal, ruling that the extended period under Section 11A of the Central Excise Act was not applicable in the case, following the precedent set by previous judgments. The appellant's prompt filing of returns and acceptance of credit by audit parties were crucial factors. Citing relevant case law, the Tribunal held that no demand for interest or penalty could be sustained if the extended period demand was not invocable. Consequently, the appellant was not held liable for duty, as they had voluntarily paid it and rectified the credit discrepancy upon notification. The appeal was allowed, with consequential relief granted to the appellant. en-us Fri, 24 Oct 2014 00:00:00 +0530 Wed, 05 Nov 2014 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252840 The Tribunal dismissed the appeal, ruling that the extended period under Section 11A of the Central Excise Act was not applicable in the case, following the precedent set by previous judgments. The appellant's prompt filing of returns and acceptance of credit by audit parties were crucial factors. Citing relevant case law, the Tribunal held that no demand for interest or penalty could be sustained if the extended period demand was not invocable. Consequently, the appellant was not held liable for duty, as they had voluntarily paid it and rectified the credit discrepancy upon notification. The appeal was allowed, with consequential relief granted to the appellant. Case-Laws Central Excise Fri, 24 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252840