Appellant penalized for hiding depreciation and Cenvat Credit claim, extended limitation period applied for demand confirmation.

Appellant penalized for hiding depreciation and Cenvat Credit claim, extended limitation period applied for demand confirmation. https://www.taxtmi.com/highlights?id=30788 Cenvat credit - the department was not aware about the simultaneous availment of depreciation as well as Cenvat Credit of the same amount of duty. Therefore there is a clear suppression of fact on the part of the appellant - demand confirmed invoking extended period of limitation - AT en-us Sat, 13 Aug 2016 13:33:29 +0530 Sat, 13 Aug 2016 13:33:29 +0530 TaxTMI RSS Generator Appellant penalized for hiding depreciation and Cenvat Credit claim, extended limitation period applied for demand confirmation. https://www.taxtmi.com/highlights?id=30788 Cenvat credit - the department was not aware about the simultaneous availment of depreciation as well as Cenvat Credit of the same amount of duty. Therefore there is a clear suppression of fact on the part of the appellant - demand confirmed invoking extended period of limitation - AT Highlights Central Excise Sat, 13 Aug 2016 13:33:29 +0530 https://www.taxtmi.com/highlights?id=30788