https://www.taxtmi.com/caselaws?id=263046 The Tribunal held in favor of the Appellant, ruling that the VAT collected and retained by them should not be included in the assessable value for central excise duty payment. Due to conflicting judgments and circulars during the disputed period, the Tribunal found that the Appellant acted in good faith, leading to the duty demand being time-barred. The extended period for demand of short paid duty was deemed inapplicable, and the penalty under Section 11AC was not imposed as the Tribunal determined the Appellant acted in good faith without intent to evade duty. The Tribunal allowed the appeal and dismissed the Revenue's appeal seeking penalty imposition. en-us Wed, 07 May 2014 00:00:00 +0530 Tue, 14 Feb 2017 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263046 The Tribunal held in favor of the Appellant, ruling that the VAT collected and retained by them should not be included in the assessable value for central excise duty payment. Due to conflicting judgments and circulars during the disputed period, the Tribunal found that the Appellant acted in good faith, leading to the duty demand being time-barred. The extended period for demand of short paid duty was deemed inapplicable, and the penalty under Section 11AC was not imposed as the Tribunal determined the Appellant acted in good faith without intent to evade duty. The Tribunal allowed the appeal and dismissed the Revenue's appeal seeking penalty imposition. Case-Laws Central Excise Wed, 07 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263046