https://www.taxtmi.com/caselaws?id=332720 The extended period of limitation could not be invoked for duty demand on sales tax concession retained by the assessee because a prevailing CBEC circular dated 30.06.2000 and earlier Tribunal rulings treated such concession as excludible from assessable value, so the assessee could not be faulted for its position. The subsequent reversal of that view by the Supreme Court did not, for the relevant period, justify alleging suppression or invoking the extended limitation period. As the demand was time-barred on that basis, the consequential penalty also could not be sustained. en-us Tue, 09 Aug 2016 00:00:00 +0530 Mon, 06 Feb 2017 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332720 The extended period of limitation could not be invoked for duty demand on sales tax concession retained by the assessee because a prevailing CBEC circular dated 30.06.2000 and earlier Tribunal rulings treated such concession as excludible from assessable value, so the assessee could not be faulted for its position. The subsequent reversal of that view by the Supreme Court did not, for the relevant period, justify alleging suppression or invoking the extended limitation period. As the demand was time-barred on that basis, the consequential penalty also could not be sustained. Case-Laws Central Excise Tue, 09 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332720