https://www.taxtmi.com/caselaws?id=448921 CESTAT Allahabad dismissed Revenue's appeal regarding levy of penalty on concrete mix manufactured at construction site. The dispute concerned classification of goods as concrete mix versus ready-made concrete mix. While SC in Larsen Toubro case settled the issue favoring Revenue, CESTAT held that Revenue could not invoke extended limitation period since the issue was clarified by circular dated 23.05.1997. Revenue should have proceeded within normal limitation period if the matter was clear. Commissioner (Appeals) correctly deleted the penalty based on bonafide belief principle. en-us Mon, 08 Jan 2024 00:00:00 +0530 Thu, 01 Feb 2024 19:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448921 CESTAT Allahabad dismissed Revenue's appeal regarding levy of penalty on concrete mix manufactured at construction site. The dispute concerned classification of goods as concrete mix versus ready-made concrete mix. While SC in Larsen Toubro case settled the issue favoring Revenue, CESTAT held that Revenue could not invoke extended limitation period since the issue was clarified by circular dated 23.05.1997. Revenue should have proceeded within normal limitation period if the matter was clear. Commissioner (Appeals) correctly deleted the penalty based on bonafide belief principle. Case-Laws Central Excise Mon, 08 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448921