https://www.taxtmi.com/caselaws?id=437913 The Tribunal allowed the appeal filed by M/s. Hindalco Industries Ltd., Hirakud Complex, holding that the demand for short payment of duty was not sustainable as the adjustment of excess duty paid in other months was permissible. The Tribunal also found the exercise to be revenue neutral, citing relevant case law. Additionally, the invocation of the extended period of limitation was deemed unjustified as there was no evidence of suppression by the Appellant. Consequently, the penalty and interest imposed were set aside. en-us Tue, 16 May 2023 00:00:00 +0530 Thu, 18 May 2023 08:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437913 The Tribunal allowed the appeal filed by M/s. Hindalco Industries Ltd., Hirakud Complex, holding that the demand for short payment of duty was not sustainable as the adjustment of excess duty paid in other months was permissible. The Tribunal also found the exercise to be revenue neutral, citing relevant case law. Additionally, the invocation of the extended period of limitation was deemed unjustified as there was no evidence of suppression by the Appellant. Consequently, the penalty and interest imposed were set aside. Case-Laws Central Excise Tue, 16 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437913