https://www.taxtmi.com/caselaws?id=88724 Extended limitation under the proviso to Rule 57(7) could not be invoked to demand reversal of Modvat credit where the assessee had disclosed its decision to clear final products without duty and the relevant monthly returns and RG-23A extracts were before the department. On those records, the department could determine the duty-free clearances and compute the relatable input credit by simple calculation. Mere non-reversal of credit, without further evidence of suppression or misstatement, was insufficient to justify the extended period. The demand was therefore held unsustainable in favour of the assessee. en-us Fri, 19 Sep 1997 00:00:00 +0530 Tue, 20 Sep 2011 17:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88724 Extended limitation under the proviso to Rule 57(7) could not be invoked to demand reversal of Modvat credit where the assessee had disclosed its decision to clear final products without duty and the relevant monthly returns and RG-23A extracts were before the department. On those records, the department could determine the duty-free clearances and compute the relatable input credit by simple calculation. Mere non-reversal of credit, without further evidence of suppression or misstatement, was insufficient to justify the extended period. The demand was therefore held unsustainable in favour of the assessee. Case-Laws Central Excise Fri, 19 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88724