https://www.taxtmi.com/caselaws?id=334247 Extended limitation could not be invoked for recovery of wrongly availed Cenvat credit on moulds and dies where the credit was taken on the basis of a then-operative CBEC circular, the transactions were duly recorded in the books, and the Revenue relied on those records. In the absence of fraud, wilful suppression, mala fide intent, or contumacious conduct, the ingredients for the extended period were not satisfied. The excess credit and interest had also been paid before the show cause notice. The show cause notice and the orders confirming demand and penalty were therefore unsustainable. en-us Tue, 23 Aug 2016 00:00:00 +0530 Mon, 06 Feb 2017 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334247 Extended limitation could not be invoked for recovery of wrongly availed Cenvat credit on moulds and dies where the credit was taken on the basis of a then-operative CBEC circular, the transactions were duly recorded in the books, and the Revenue relied on those records. In the absence of fraud, wilful suppression, mala fide intent, or contumacious conduct, the ingredients for the extended period were not satisfied. The excess credit and interest had also been paid before the show cause notice. The show cause notice and the orders confirming demand and penalty were therefore unsustainable. Case-Laws Central Excise Tue, 23 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334247