https://www.taxtmi.com/caselaws?id=83678 Where an assessee removed defective inputs and reversed Modvat credit before taking the same credit on receipt of rectified goods under a procedure directed by the Assistant Collector, the transactions were within departmental knowledge and there was no basis to allege suppression or concealment. The demand was therefore held time-barred and the extended period of limitation was not invocable. The principle applied is that departmental approval or prescribed procedure, coupled with full disclosure of the relevant facts, defeats invocation of the extended limitation period. en-us Fri, 06 Aug 1993 00:00:00 +0530 Thu, 14 Jul 2011 18:31:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83678 Where an assessee removed defective inputs and reversed Modvat credit before taking the same credit on receipt of rectified goods under a procedure directed by the Assistant Collector, the transactions were within departmental knowledge and there was no basis to allege suppression or concealment. The demand was therefore held time-barred and the extended period of limitation was not invocable. The principle applied is that departmental approval or prescribed procedure, coupled with full disclosure of the relevant facts, defeats invocation of the extended limitation period. Case-Laws Central Excise Fri, 06 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83678