https://www.taxtmi.com/caselaws?id=85427 The extended period of limitation could not be invoked because the assessee had disclosed the relevant facts and there was no suppression or wilful misstatement, so the demand was time-barred. Rule 57D(1) also protected Modvat credit where manufacture yielded waste, refuse or by-product; the credit could not be denied or varied merely because scrap arose during manufacture and was cleared on payment of duty. The assessee therefore succeeded on both limitation and merits. en-us Tue, 23 Apr 1996 00:00:00 +0530 Thu, 04 Aug 2011 18:44:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85427 The extended period of limitation could not be invoked because the assessee had disclosed the relevant facts and there was no suppression or wilful misstatement, so the demand was time-barred. Rule 57D(1) also protected Modvat credit where manufacture yielded waste, refuse or by-product; the credit could not be denied or varied merely because scrap arose during manufacture and was cleared on payment of duty. The assessee therefore succeeded on both limitation and merits. Case-Laws Central Excise Tue, 23 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85427