https://www.taxtmi.com/caselaws?id=459231 CESTAT New Delhi set aside the Commissioner's order dated 08.06.2017 confirming demand for disallowance of CENVAT credit with penalties under extended limitation period. The tribunal held that the show cause notice failed to specifically allege fraud, collusion, willful mis-statement or suppression of facts with intent to evade payment, as required under section 73(1) proviso of Finance Act. Following SC precedent in Collector of Central Excise vs H.M.M. Limited, the tribunal ruled that mere reference to the proviso without specific averments of intentional evasion makes extended limitation period unsustainable. Appeal allowed. en-us Fri, 19 Jan 2024 00:00:00 +0530 Thu, 05 Dec 2024 21:12:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459231 CESTAT New Delhi set aside the Commissioner's order dated 08.06.2017 confirming demand for disallowance of CENVAT credit with penalties under extended limitation period. The tribunal held that the show cause notice failed to specifically allege fraud, collusion, willful mis-statement or suppression of facts with intent to evade payment, as required under section 73(1) proviso of Finance Act. Following SC precedent in Collector of Central Excise vs H.M.M. Limited, the tribunal ruled that mere reference to the proviso without specific averments of intentional evasion makes extended limitation period unsustainable. Appeal allowed. Case-Laws Service Tax Fri, 19 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459231