https://www.taxtmi.com/caselaws?id=354994 Customs demand raised after de-bonding of an EOU was unsustainable where the unit had already satisfied the NFE requirement and the notice was issued more than three years later. In the absence of any allegation of suppression, misstatement, or contumacious conduct, the extended limitation could not be invoked, and the demand was treated as a mere change of opinion. The demand also could not stand without the requisite recommendation or consent of the Development Commissioner, as reflected in the applicable circular. The notice and consequential demand were therefore not maintainable. en-us Fri, 28 Jul 2017 00:00:00 +0530 Thu, 08 Feb 2018 07:48:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354994 Customs demand raised after de-bonding of an EOU was unsustainable where the unit had already satisfied the NFE requirement and the notice was issued more than three years later. In the absence of any allegation of suppression, misstatement, or contumacious conduct, the extended limitation could not be invoked, and the demand was treated as a mere change of opinion. The demand also could not stand without the requisite recommendation or consent of the Development Commissioner, as reflected in the applicable circular. The notice and consequential demand were therefore not maintainable. Case-Laws Customs Fri, 28 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354994