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C.C.E. Delhi-Iii vs M/S Pricol Ltd on 29 June, 2015

and Hon'ble Madras High Court in the case of CCE Vs. Pricol Ltd. [2021(48) GSTL 235 (Mad.)]., held that credit is admissible. 3.3. The appellant has also submitted that the demand notice issued by the Department is barred by limitation and invoking of extended period cannot be sustained since the fact of taking of credit was disclosed and declared in the returns filed by the appellant. The entire notice has been issued only on the basis of audit of the records of the appellant and no facts have been mis declared or suppressed from the Department. Further he has submitted that the cenvat credit was taken on a bona fide interpretation of the provisions and clarifications issued by the Board from time to time. Therefore, invoking of extended period of limitation is not sustainable. In support, they have referred the following judgments:-
Custom, Excise & Service Tax Tribunal Cites 6 - Cited by 13 - Full Document
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