https://www.taxtmi.com/caselaws?id=773149 Where an assessee disclosed the relevant clearances in statutory ER-1 returns, the extended period of limitation could not be invoked absent independent evidence of suppression or wilful misstatement. The demand therefore could not be sustained on the basis of extended limitation. The duty computation was remanded for fresh quantification with adjustment of duty already paid, as that issue required reworking by the adjudicating authority. Because the extended period failed on the facts, the foundation for mandatory penalty also fell away, and penalty was held not imposable. en-us Mon, 16 Jun 2025 00:00:00 +0530 Thu, 19 Jun 2025 08:29:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773149 Where an assessee disclosed the relevant clearances in statutory ER-1 returns, the extended period of limitation could not be invoked absent independent evidence of suppression or wilful misstatement. The demand therefore could not be sustained on the basis of extended limitation. The duty computation was remanded for fresh quantification with adjustment of duty already paid, as that issue required reworking by the adjudicating authority. Because the extended period failed on the facts, the foundation for mandatory penalty also fell away, and penalty was held not imposable. Case-Laws Central Excise Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773149