https://www.taxtmi.com/caselaws?id=261266 Extended limitation could not be invoked where the exemption issue had been interpreted differently, the assessee relied on board clarification and a bona fide understanding, and there was no proven suppression or mala fide intent. The demand therefore had to be confined to the normal period and reworked accordingly, with Cenvat credit and cum-duty benefit considered in fresh computation. Because the finding on suppression failed, the penalty had no basis and was set aside; the remaining quantification was remanded for fresh adjudication on the limited-period basis. en-us Thu, 08 Jan 2015 00:00:00 +0530 Tue, 07 Jul 2015 06:43:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261266 Extended limitation could not be invoked where the exemption issue had been interpreted differently, the assessee relied on board clarification and a bona fide understanding, and there was no proven suppression or mala fide intent. The demand therefore had to be confined to the normal period and reworked accordingly, with Cenvat credit and cum-duty benefit considered in fresh computation. Because the finding on suppression failed, the penalty had no basis and was set aside; the remaining quantification was remanded for fresh adjudication on the limited-period basis. Case-Laws Central Excise Thu, 08 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261266