Saturday, 17 October 2015

Even in case of large scale fraud, recovery can't be made beyond 5 years of relevant date

Excise & Customs : Merely because fraudulent availment of exemption/bond is of great magnitude and is admitted does not mean that recovery can be made at any time; recovery can be made within 5 years from relevant date and there is no provision to consider 'date of knowledge of department' as relevant date

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