https://www.taxtmi.com/caselaws?id=787119 CESTAT considered whether duty demands and penalties could stand where the assessee relied on an operative Board circular. The tribunal held demands for periods before 15.05.2014 unsustainable due to the binding circular; demands for 15.05.2014-July 2014 were time barred as extended limitation for fraud/suppression did not apply to a bona fide interpretational dispute; penalties under Section 11AC and Rule 26 were set aside as unjustified; Section 11D recovery was remanded for limited verification and appropriation to determine any unpaid shortfall. en-us Mon, 23 Feb 2026 00:00:00 +0530 Fri, 27 Feb 2026 08:36:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787119 CESTAT considered whether duty demands and penalties could stand where the assessee relied on an operative Board circular. The tribunal held demands for periods before 15.05.2014 unsustainable due to the binding circular; demands for 15.05.2014-July 2014 were time barred as extended limitation for fraud/suppression did not apply to a bona fide interpretational dispute; penalties under Section 11AC and Rule 26 were set aside as unjustified; Section 11D recovery was remanded for limited verification and appropriation to determine any unpaid shortfall. Case-Laws Central Excise Mon, 23 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787119