https://www.taxtmi.com/caselaws?id=329311 Operational storage losses disclosed in statutory RT-12 and ER-1 returns did not justify the extended period of limitation where the department had notice of the losses and produced no evidence of clandestine removal, pilferage, or any wilful act to evade duty. The genuine nature of the losses, arising from the characteristics of petroleum products, meant that suppression of facts was not established. As a result, invocation of the extended period was unwarranted and the duty demand, interest, and penalty could not be sustained; the order dropping the proceedings was affirmed. en-us Thu, 19 May 2016 00:00:00 +0530 Tue, 14 Feb 2017 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329311 Operational storage losses disclosed in statutory RT-12 and ER-1 returns did not justify the extended period of limitation where the department had notice of the losses and produced no evidence of clandestine removal, pilferage, or any wilful act to evade duty. The genuine nature of the losses, arising from the characteristics of petroleum products, meant that suppression of facts was not established. As a result, invocation of the extended period was unwarranted and the duty demand, interest, and penalty could not be sustained; the order dropping the proceedings was affirmed. Case-Laws Central Excise Thu, 19 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329311