Appellant Cleared of Mis-declaration Allegations in Advance Licence Scheme; Demand Invalidated by Limitations. No Procedural Violations Found.

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....Supporting manufacturer or not - Procurement of inputs under Advance licence Scheme - suppression of facts or Mis-declaration - The appellant vide letter 25.02.2010 again intimated that there is no violation of Para 4.16 of Handbook Procedure. From the above it is clear that the appellant have disclosed all the information as regard procurement of material under advance authorization from M/s Sterlite Industries (I) Ltd. Therefore, there is no suppression of facts or Mis-declaration on the part of the appellant. - The demand is clearly hit by limitations. - AT....