https://www.taxtmi.com/caselaws?id=434906 In a self-assessment regime, failure to disclose manufacture and clearances of Magnesium Sulphate in statutory ER-1 returns constituted suppression of facts, supporting invocation of the extended period of limitation. The exemption notification was strictly construed, and because Magnesium Sulphate was not specifically covered, the assessee could not establish entitlement to exemption. The plea of bona fide belief was therefore rejected, as it could not override the absence of clear notification coverage. The duty demand and limitation finding were sustained, and the appeal failed in entirety. en-us Mon, 13 Feb 2023 00:00:00 +0530 Tue, 07 Mar 2023 11:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434906 In a self-assessment regime, failure to disclose manufacture and clearances of Magnesium Sulphate in statutory ER-1 returns constituted suppression of facts, supporting invocation of the extended period of limitation. The exemption notification was strictly construed, and because Magnesium Sulphate was not specifically covered, the assessee could not establish entitlement to exemption. The plea of bona fide belief was therefore rejected, as it could not override the absence of clear notification coverage. The duty demand and limitation finding were sustained, and the appeal failed in entirety. Case-Laws Central Excise Mon, 13 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434906