https://www.taxtmi.com/caselaws?id=260940 Disclosure of clearance details and the exemption claim in ER-1 returns prevented any finding of suppression of material facts. On those facts, the department was expected to verify the claim from the statutory records, so the precondition for invoking the extended period of limitation was absent. As suppression was not established, the statutory basis for penalty under section 11AC of the Central Excise Act, 1944 also failed, and the penalty was set aside. en-us Thu, 25 Sep 2014 00:00:00 +0530 Sat, 27 Jun 2015 06:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260940 Disclosure of clearance details and the exemption claim in ER-1 returns prevented any finding of suppression of material facts. On those facts, the department was expected to verify the claim from the statutory records, so the precondition for invoking the extended period of limitation was absent. As suppression was not established, the statutory basis for penalty under section 11AC of the Central Excise Act, 1944 also failed, and the penalty was set aside. Case-Laws Central Excise Thu, 25 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260940