https://www.taxtmi.com/caselaws?id=262373 Customs authorities may invoke the extended period of limitation under the proviso to Section 28 of the Customs Act where the original licence holder made a wilful misdeclaration and suppressed material facts to secure transferability of the licence. The suppression of Modvat credit availed under Rule 57A of the Central Excise Rules, 1944, was treated as deliberate and sufficient to justify extended limitation. That consequence also applied to the transferee of the licence, so recovery of duty was not barred by time. The article notes that the extended period was correctly invoked and the appeals failed. en-us Mon, 27 Apr 2015 00:00:00 +0530 Sat, 08 Aug 2015 06:14:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262373 Customs authorities may invoke the extended period of limitation under the proviso to Section 28 of the Customs Act where the original licence holder made a wilful misdeclaration and suppressed material facts to secure transferability of the licence. The suppression of Modvat credit availed under Rule 57A of the Central Excise Rules, 1944, was treated as deliberate and sufficient to justify extended limitation. That consequence also applied to the transferee of the licence, so recovery of duty was not barred by time. The article notes that the extended period was correctly invoked and the appeals failed. Case-Laws Customs Mon, 27 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262373