Extended Limitation Period Not Applicable When Demand Arises from Audit Records

Guala Closures (I) Pvt. Ltd. Vs Commissioner of Customs (CESTAT Mumbai) CENVAT Credit Demand on ISD Set Aside Due to Lack of Legal Provision;  Show-Cause Notice by Audit Commissioner Held Invalid for Lack of Authority; Recovery Proceedings Against ISD Declared Void Under CENVAT Credit Rules;  CENVAT Credit Recovery Quashed Due to Jurisdictional and Legal Defects. The appeals arose from orders passed by the Commissioner (Appeals) confirming recovery of CENVAT credit amounts of ₹24,74,511 and ₹7,24,447 under Rule 14 of the CENVAT Credit Rules, 2004. The demands were raised against both the...