Invocation of extended period not justified as there was no wilful suppression of facts

Godrej Consumer Products Limited Vs Commissioner of Central Excise (CESTAT Chennai) CESTAT Chennai held that as the demand was raised on the basis of the books of accounts which was not hidden from the department, there was no wilful suppression or mis-statement of facts with intent to evade tax and hence invocation of extended period not justified. Facts- The appellant is engaged in the manufacture of shoe care, body care and personal care products such as hair cream, shoe polishes and floor cleaners, etc. By a scheme of amalgamation, as approved by the Hon’ble Bombay High Court, with effec...