https://www.taxtmi.com/caselaws?id=87353 Modvat credit was denied where transport records and surrounding circumstances showed the alleged movement of scrap was not genuine, including false vehicle particulars and unsubstantiated freight claims. On that factual basis, the extended limitation period was upheld because the transactions were treated as suppressed and fictitious. The penalties on the scrap dealers, however, could not be sustained since the show-cause notice and adjudication did not validly invoke a penal provision applicable to their status, and the necessary ingredients were not properly pleaded. en-us Mon, 19 May 1997 00:00:00 +0530 Mon, 05 Sep 2011 14:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87353 Modvat credit was denied where transport records and surrounding circumstances showed the alleged movement of scrap was not genuine, including false vehicle particulars and unsubstantiated freight claims. On that factual basis, the extended limitation period was upheld because the transactions were treated as suppressed and fictitious. The penalties on the scrap dealers, however, could not be sustained since the show-cause notice and adjudication did not validly invoke a penal provision applicable to their status, and the necessary ingredients were not properly pleaded. Case-Laws Central Excise Mon, 19 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87353