https://www.taxtmi.com/caselaws?id=364473 The Tribunal allowed the Rectification of Mistake Application, inserting paragraphs in the Final Order to address arguments on time bar and penalty imposition. After reviewing case laws, the Tribunal upheld the invocation of the extended period of limitation under Section 11A, rejecting the appellant's contention that the demand was time-barred. The Tribunal concluded that the demand was sustainable due to the assessee's failure to disclose correct transaction value, leading to suppression of facts. The modified order addressed the issues raised by the appellant, renumbering paragraphs and confirming the judgment on 25.07.2018. en-us Wed, 25 Jul 2018 00:00:00 +0530 Tue, 31 Jul 2018 07:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364473 The Tribunal allowed the Rectification of Mistake Application, inserting paragraphs in the Final Order to address arguments on time bar and penalty imposition. After reviewing case laws, the Tribunal upheld the invocation of the extended period of limitation under Section 11A, rejecting the appellant's contention that the demand was time-barred. The Tribunal concluded that the demand was sustainable due to the assessee's failure to disclose correct transaction value, leading to suppression of facts. The modified order addressed the issues raised by the appellant, renumbering paragraphs and confirming the judgment on 25.07.2018. Case-Laws Central Excise Wed, 25 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364473