https://www.taxtmi.com/caselaws?id=944 A valid EPCG licence issued during de-bonding governed the duty position, and customs authorities could not independently deny the licence benefit by treating the goods as second-hand capital goods under the Handbook of Procedure. On that basis, the customs demand failed on merits. The extended period of limitation was also unavailable because the relevant facts had been disclosed in the clearance and de-bonding process, so no suppression or evasion justified longer limitation. As the demand was time-barred, the associated interest and penalties also could not survive. en-us Thu, 24 Aug 2006 00:00:00 +0530 Sun, 13 Apr 2008 19:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=944 A valid EPCG licence issued during de-bonding governed the duty position, and customs authorities could not independently deny the licence benefit by treating the goods as second-hand capital goods under the Handbook of Procedure. On that basis, the customs demand failed on merits. The extended period of limitation was also unavailable because the relevant facts had been disclosed in the clearance and de-bonding process, so no suppression or evasion justified longer limitation. As the demand was time-barred, the associated interest and penalties also could not survive. Case-Laws Central Excise Thu, 24 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=944