https://www.taxtmi.com/caselaws?id=83305 Incomplete Modvat declarations under Rule 57G do not, by themselves, establish suppression of facts or wilful mis-statement when the credit avails are disclosed in statutory RT-12 returns and other records are available for departmental scrutiny. In such circumstances, the department has an opportunity to verify the position and take corrective action under Rule 57-I(1), so the extended period of limitation is not attracted. Later furnishing of additional particulars does not retrospectively convert the earlier disclosures into clandestine or suppressed transactions. The demand based on suppression therefore fails and the credit dispute is confined to the ordinary limitation period. en-us Thu, 05 May 1994 00:00:00 +0530 Tue, 12 Jul 2011 16:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83305 Incomplete Modvat declarations under Rule 57G do not, by themselves, establish suppression of facts or wilful mis-statement when the credit avails are disclosed in statutory RT-12 returns and other records are available for departmental scrutiny. In such circumstances, the department has an opportunity to verify the position and take corrective action under Rule 57-I(1), so the extended period of limitation is not attracted. Later furnishing of additional particulars does not retrospectively convert the earlier disclosures into clandestine or suppressed transactions. The demand based on suppression therefore fails and the credit dispute is confined to the ordinary limitation period. Case-Laws Central Excise Thu, 05 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83305