2022 (4) TMI 828 - SC - Central Excise

Extended period of limitation - appellant has submitted that one another issue with respect to extended period of limitation and the consequential penalty was raised before the Tribunal which has not been dealt with by the Tribunal - HELD THAT - For the issue, namely, whether the extended period of limitation could have been invoked or not and the consequential penalty, in the peculiar facts and circumstances of the case, the appellant are relegated to file a review application before the Tribunal and if such a review application is filed within a period of four weeks from today, the same be entertained and the Learned Tribunal to take appropriate decision on the same in accordance with law and on its own merits. Appeal stands dismissed/disposed of.

Summary

The Supreme Court agreed with the Tribunal on the main issue of compensation valuation. The appellant was directed to file a review application regarding the extended period of limitation and penalty issue within four weeks. The Civil Appeal was dismissed/disposed of.