https://www.taxtmi.com/caselaws?id=84231 Modvat credit was not extinguished merely because dutiable intermediate goods were omitted from the declaration as final products, where the inputs were used in the declared dutiable final product. The omission was treated as a technical issue affecting only the mode of duty adjustment between RG 23A and PLA, not as a ground for total reversal of credit. The extended period of limitation was unavailable because the non-declaration was found bona fide, with no wilful suppression, misstatement, or intent to evade. On that basis, the connected penalty and confiscation were also unsustainable. en-us Thu, 22 Dec 1994 00:00:00 +0530 Wed, 20 Jul 2011 15:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84231 Modvat credit was not extinguished merely because dutiable intermediate goods were omitted from the declaration as final products, where the inputs were used in the declared dutiable final product. The omission was treated as a technical issue affecting only the mode of duty adjustment between RG 23A and PLA, not as a ground for total reversal of credit. The extended period of limitation was unavailable because the non-declaration was found bona fide, with no wilful suppression, misstatement, or intent to evade. On that basis, the connected penalty and confiscation were also unsustainable. Case-Laws Central Excise Thu, 22 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84231