https://www.taxtmi.com/caselaws?id=85025 Recovery of wrongly availed MODVAT credit under Rule 57I was treated as subject to the limitation principle reflected in Section 11A of the Central Excises and Salt Act, 1944. The majority view applied the law in force on the date of issuance of the show cause notice and found that recovery proceedings initiated beyond the permissible period were time-barred. Although the credit had been taken on invoices issued by a depot covered by relevant trade notices, the demand could not be sustained on limitation grounds, and the assessee succeeded. en-us Fri, 12 Jan 1996 00:00:00 +0530 Tue, 02 Aug 2011 13:10:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85025 Recovery of wrongly availed MODVAT credit under Rule 57I was treated as subject to the limitation principle reflected in Section 11A of the Central Excises and Salt Act, 1944. The majority view applied the law in force on the date of issuance of the show cause notice and found that recovery proceedings initiated beyond the permissible period were time-barred. Although the credit had been taken on invoices issued by a depot covered by relevant trade notices, the demand could not be sustained on limitation grounds, and the assessee succeeded. Case-Laws Central Excise Fri, 12 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85025