https://www.taxtmi.com/caselaws?id=460090 CESTAT Mumbai ruled on a case involving erroneous rebate recovery where appellants misdeclared export goods as Palladium/Platinum catalysts instead of ash and residue to obtain benefits under Advance License Scheme. The tribunal held that since goods were actually exported and duties paid, rebate claims were valid. Extended limitation period was deemed inapplicable as department had knowledge of all facts during clearance. Recovery of erroneous rebates was upheld with penalties for misdeclaration, but demands for interest and additional penalties were set aside. Appeal was allowed. en-us Wed, 16 Nov 2022 00:00:00 +0530 Fri, 10 Jan 2025 20:17:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460090 CESTAT Mumbai ruled on a case involving erroneous rebate recovery where appellants misdeclared export goods as Palladium/Platinum catalysts instead of ash and residue to obtain benefits under Advance License Scheme. The tribunal held that since goods were actually exported and duties paid, rebate claims were valid. Extended limitation period was deemed inapplicable as department had knowledge of all facts during clearance. Recovery of erroneous rebates was upheld with penalties for misdeclaration, but demands for interest and additional penalties were set aside. Appeal was allowed. Case-Laws Central Excise Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460090