No Extended Limitation Without Mens Rea: CESTAT Chandigarh

KEC International Vs Commissioner of CGST & Central Excise (CESTAT Chandigarh) No ‘Suppression’ Without Mens Rea: CESTAT Holds Extended Limitation Inapplicable Where Assessee Disclosed CENVAT Reversal The appellant undertakes works contracts for electricity distribution companies. It had certain taxable and exempted services. It reversed pro rata/ proportionate CENVAT Credit in terms of the formula provided under Rule 6(3)(II) of the Cenvat Credit Rules, 2004. It reversed credit taking into account “common input Service”. Revenue sought reversal on “total CENVAT Credit”. Show c...