https://www.taxtmi.com/caselaws?id=86300 Money credit under Notification No. 231/87-C.E. was confined to ethyl alcohol used in denatured spirit for PVC resin manufacture, because exemption and benefit notifications must be strictly construed and cannot be extended beyond their clear terms. The denaturant content was therefore outside the credit benefit. Where the relevant rule prescribed no limitation period, a reasonable period had to be implied in the absence of suppression, fraud or wilful misstatement. On those facts, six months was treated as the reasonable period, and the demand was time-barred. en-us Tue, 03 Dec 1996 00:00:00 +0530 Tue, 23 Aug 2011 18:00:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86300 Money credit under Notification No. 231/87-C.E. was confined to ethyl alcohol used in denatured spirit for PVC resin manufacture, because exemption and benefit notifications must be strictly construed and cannot be extended beyond their clear terms. The denaturant content was therefore outside the credit benefit. Where the relevant rule prescribed no limitation period, a reasonable period had to be implied in the absence of suppression, fraud or wilful misstatement. On those facts, six months was treated as the reasonable period, and the demand was time-barred. Case-Laws Central Excise Tue, 03 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86300