https://www.taxtmi.com/caselaws?id=83330 Rule 57E notices for variation of Modvat credit raised the question whether the limitation period in Section 11A of the Central Excises and Salt Act, 1944 applies, or whether Rule 57E operates under its own time framework. The Tribunal noted views supporting application of limitation to credit variations, while also recognising that, where no express period exists, action must be taken within a reasonable time depending on the facts. It further observed that the relevant starting point may be the refund granted to the input supplier, and that mere non-intimation by the Modvat user does not automatically establish suppression or wilful misstatement. The issue was referred to a Larger Bench. en-us Tue, 07 Jun 1994 00:00:00 +0530 Tue, 12 Jul 2011 17:23:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83330 Rule 57E notices for variation of Modvat credit raised the question whether the limitation period in Section 11A of the Central Excises and Salt Act, 1944 applies, or whether Rule 57E operates under its own time framework. The Tribunal noted views supporting application of limitation to credit variations, while also recognising that, where no express period exists, action must be taken within a reasonable time depending on the facts. It further observed that the relevant starting point may be the refund granted to the input supplier, and that mere non-intimation by the Modvat user does not automatically establish suppression or wilful misstatement. The issue was referred to a Larger Bench. Case-Laws Central Excise Tue, 07 Jun 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83330