https://www.taxtmi.com/caselaws?id=382467 The Tribunal set aside the Commissioner's order imposing penalties and confirming the demand of Central Excise duty due to the lapse of the limitation period. The Department's delay of 8 years in issuing the show-cause notice after being aware of related party transactions since 2002 rendered the demand time-barred. As a result, the penalties on the appellants and the Vice President were dropped, following the established legal principle against invoking the extended period of limitation without evidence of willful misdeclaration or suppression of facts. en-us Mon, 01 Jul 2019 00:00:00 +0530 Wed, 03 Jul 2019 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382467 The Tribunal set aside the Commissioner's order imposing penalties and confirming the demand of Central Excise duty due to the lapse of the limitation period. The Department's delay of 8 years in issuing the show-cause notice after being aware of related party transactions since 2002 rendered the demand time-barred. As a result, the penalties on the appellants and the Vice President were dropped, following the established legal principle against invoking the extended period of limitation without evidence of willful misdeclaration or suppression of facts. Case-Laws Central Excise Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382467