https://www.taxtmi.com/caselaws?id=176515 Extended limitation for recovery of CENVAT credit was held unavailable where the assessee had filed ER-1 returns and disclosed the credit taken, the materials received, the supplier's name and the goods' usage in the factory. The existence of conflicting Tribunal views on eligibility supported a bona fide belief that the credit was admissible. On those facts, the ingredients for invoking the extended period were not made out, even assuming the credit was ultimately inadmissible. Remand was considered unnecessary because the limitation issue itself defeated the Revenue's case. en-us Fri, 23 Jan 2015 00:00:00 +0530 Wed, 23 Dec 2015 22:41:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176515 Extended limitation for recovery of CENVAT credit was held unavailable where the assessee had filed ER-1 returns and disclosed the credit taken, the materials received, the supplier's name and the goods' usage in the factory. The existence of conflicting Tribunal views on eligibility supported a bona fide belief that the credit was admissible. On those facts, the ingredients for invoking the extended period were not made out, even assuming the credit was ultimately inadmissible. Remand was considered unnecessary because the limitation issue itself defeated the Revenue's case. Case-Laws Central Excise Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176515