https://www.taxtmi.com/caselaws?id=88455 Modvat credit on damaged colour picture tubes was held admissible where the goods were shown in stock returns, no evidence proved they were usable or marketable, and the damage arose in the course of manufacture; the credit therefore was not liable to reversal. The demand was also held time barred because the goods were recorded in statutory returns, there was no suppression or misstatement, and the notice was issued beyond the normal six-month period, so the extended limitation could not be invoked. The assessee thus succeeded on both merits and limitation. en-us Fri, 25 Apr 1997 00:00:00 +0530 Sat, 17 Sep 2011 18:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88455 Modvat credit on damaged colour picture tubes was held admissible where the goods were shown in stock returns, no evidence proved they were usable or marketable, and the damage arose in the course of manufacture; the credit therefore was not liable to reversal. The demand was also held time barred because the goods were recorded in statutory returns, there was no suppression or misstatement, and the notice was issued beyond the normal six-month period, so the extended limitation could not be invoked. The assessee thus succeeded on both merits and limitation. Case-Laws Customs Fri, 25 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88455