https://www.taxtmi.com/caselaws?id=356246 A duty demand was held time-barred because the assessee had made a contemporaneous disclosure to the department about the fire incident, damage to inputs and partially processed inputs, and reversal of CENVAT credit on the damaged goods. That disclosure was sufficient to prompt inquiry, and the later show-cause notice issued nearly five years later could not rest on suppression of facts. The employee's police statement and the absence of an insurance claim did not outweigh the prior written intimation. The revenue's challenge therefore failed on limitation. en-us Wed, 20 Dec 2017 00:00:00 +0530 Fri, 11 Jan 2019 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356246 A duty demand was held time-barred because the assessee had made a contemporaneous disclosure to the department about the fire incident, damage to inputs and partially processed inputs, and reversal of CENVAT credit on the damaged goods. That disclosure was sufficient to prompt inquiry, and the later show-cause notice issued nearly five years later could not rest on suppression of facts. The employee's police statement and the absence of an insurance claim did not outweigh the prior written intimation. The revenue's challenge therefore failed on limitation. Case-Laws Central Excise Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356246