https://www.taxtmi.com/caselaws?id=88465 Modvat credit was held admissible where the supplier's duty payment had been regularised and the assessee produced a certificate from the officer-in-charge of the supplier's factory, subject to verification of receipt and utilisation of the inputs in the final product from the assessee's records. The demand was also treated as time-barred because the credit was openly reflected in RT 12 returns and RG 23A Part II records, leaving no basis to allege suppression of facts for extended limitation. On that footing, the demand and penalty were set aside, while the credit was allowed in principle subject to verification. en-us Fri, 11 Jul 1997 00:00:00 +0530 Sat, 17 Sep 2011 18:49:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88465 Modvat credit was held admissible where the supplier's duty payment had been regularised and the assessee produced a certificate from the officer-in-charge of the supplier's factory, subject to verification of receipt and utilisation of the inputs in the final product from the assessee's records. The demand was also treated as time-barred because the credit was openly reflected in RT 12 returns and RG 23A Part II records, leaving no basis to allege suppression of facts for extended limitation. On that footing, the demand and penalty were set aside, while the credit was allowed in principle subject to verification. Case-Laws Central Excise Fri, 11 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88465