https://www.taxtmi.com/caselaws?id=361149 Extended limitation could not be invoked for demanding reversal of Cenvat credit where the dispute concerned credit attributable to exempted goods under Rule 6(3A) of the Cenvat Credit Rules, 2004. The relevant records had already been audited, and the alleged discrepancy arose only from a later audit view, showing no suppression of facts or wilful misstatement with intent to evade duty. As the material facts were disclosed in returns and records, the ingredients for extended limitation were not met. The demand was therefore barred by limitation and the issue was decided in favour of the assessee. en-us Mon, 05 Feb 2018 00:00:00 +0530 Wed, 30 May 2018 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361149 Extended limitation could not be invoked for demanding reversal of Cenvat credit where the dispute concerned credit attributable to exempted goods under Rule 6(3A) of the Cenvat Credit Rules, 2004. The relevant records had already been audited, and the alleged discrepancy arose only from a later audit view, showing no suppression of facts or wilful misstatement with intent to evade duty. As the material facts were disclosed in returns and records, the ingredients for extended limitation were not met. The demand was therefore barred by limitation and the issue was decided in favour of the assessee. Case-Laws Service Tax Mon, 05 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361149