https://www.taxtmi.com/caselaws?id=32019 A subsequent fiscal notification granting Cenvat credit on debits made in the DEPB passbook was held to operate only prospectively, so the assessee could not claim retrospective benefit for the relevant period. However, because the assessee acted under a bona fide belief supported by existing Tribunal rulings, suppression of facts was not established and the extended period of limitation was not invocable. On that basis, the demand was confined to the normal period and the penalties were set aside. en-us Fri, 07 Mar 2008 00:00:00 +0530 Thu, 08 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32019 A subsequent fiscal notification granting Cenvat credit on debits made in the DEPB passbook was held to operate only prospectively, so the assessee could not claim retrospective benefit for the relevant period. However, because the assessee acted under a bona fide belief supported by existing Tribunal rulings, suppression of facts was not established and the extended period of limitation was not invocable. On that basis, the demand was confined to the normal period and the penalties were set aside. Case-Laws Central Excise Fri, 07 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32019