https://www.taxtmi.com/caselaws?id=369951 The Appellate Tribunal CESTAT ALLAHABAD allowed the appeal, setting aside the order that imposed a demand and penalty on the appellant for the reversal of Cenvat credit of duty availed for obsolete inputs. The Tribunal ruled in favor of the appellant, emphasizing the lack of evidence of any malafide intention by the public sector undertaking to evade duty, thereby rejecting the invocation of the longer period of limitation. The decision underscores the necessity for concrete proof before applying the longer period of limitation to public sector undertakings. en-us Thu, 27 Sep 2018 00:00:00 +0530 Tue, 06 Nov 2018 07:18:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369951 The Appellate Tribunal CESTAT ALLAHABAD allowed the appeal, setting aside the order that imposed a demand and penalty on the appellant for the reversal of Cenvat credit of duty availed for obsolete inputs. The Tribunal ruled in favor of the appellant, emphasizing the lack of evidence of any malafide intention by the public sector undertaking to evade duty, thereby rejecting the invocation of the longer period of limitation. The decision underscores the necessity for concrete proof before applying the longer period of limitation to public sector undertakings. Case-Laws Central Excise Thu, 27 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369951