https://www.taxtmi.com/caselaws?id=88351 Modvat credit on duty-paid input 'Parker-55' could not be denied merely because the chapter heading in the declaration differed from the classification shown on the gate passes, where the goods were otherwise identifiable as the declared anti-corrosion preparation and used in manufacture. The demand relating to deemed Modvat credit was also held time-barred because the relevant delivery challans were filed with monthly returns, disclosed the goods received, and no suppression of facts with intent to evade duty was shown. As the extended period was unavailable, the related confiscation and penalty could not survive. en-us Fri, 06 Mar 1998 00:00:00 +0530 Sat, 17 Sep 2011 13:13:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88351 Modvat credit on duty-paid input 'Parker-55' could not be denied merely because the chapter heading in the declaration differed from the classification shown on the gate passes, where the goods were otherwise identifiable as the declared anti-corrosion preparation and used in manufacture. The demand relating to deemed Modvat credit was also held time-barred because the relevant delivery challans were filed with monthly returns, disclosed the goods received, and no suppression of facts with intent to evade duty was shown. As the extended period was unavailable, the related confiscation and penalty could not survive. Case-Laws Central Excise Fri, 06 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88351