https://www.taxtmi.com/caselaws?id=74833 Extended limitation could not be invoked where the proforma credit was taken with departmental permission and knowledge, and the relevant particulars were disclosed in prescribed records and returns; on that factual basis, the duty demand was time-barred. In the absence of any substantiated allegation of fraud, collusion, wilful misstatement, or suppression of facts, the extended period of limitation failed. For the same reason, the penalty had no sustainable legal foundation and was set aside. en-us Wed, 17 Jul 1985 00:00:00 +0530 Sat, 11 Jun 2011 12:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74833 Extended limitation could not be invoked where the proforma credit was taken with departmental permission and knowledge, and the relevant particulars were disclosed in prescribed records and returns; on that factual basis, the duty demand was time-barred. In the absence of any substantiated allegation of fraud, collusion, wilful misstatement, or suppression of facts, the extended period of limitation failed. For the same reason, the penalty had no sustainable legal foundation and was set aside. Case-Laws Central Excise Wed, 17 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74833