https://www.taxtmi.com/caselaws?id=757078 Extended limitation for CENVAT credit demand could not be invoked where the assessee's records had been regularly audited and the department failed to establish suppression, misstatement, fraud or collusion. The notice relied on audits of other units but did not show any concealment by the assessee, while the invoices were furnished with refund claims and the surrounding facts supported a bona fide belief that credit was available. On that basis, the demand was barred by limitation and the impugned order was set aside, leaving the merits of credit entitlement untouched. en-us Wed, 14 Aug 2024 00:00:00 +0530 Fri, 16 Aug 2024 08:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757078 Extended limitation for CENVAT credit demand could not be invoked where the assessee's records had been regularly audited and the department failed to establish suppression, misstatement, fraud or collusion. The notice relied on audits of other units but did not show any concealment by the assessee, while the invoices were furnished with refund claims and the surrounding facts supported a bona fide belief that credit was available. On that basis, the demand was barred by limitation and the impugned order was set aside, leaving the merits of credit entitlement untouched. Case-Laws Central Excise Wed, 14 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757078