https://www.taxtmi.com/caselaws?id=88902 A demand for reversal of Modvat credit was treated as time-barred for the portion raised beyond six months, because the relevant facts had already been disclosed in the RT 12 returns and were within the Department's knowledge. Mere non-payment of the amount reflected in the assessment memorandum did not justify invocation of the extended limitation period. As the larger part of the demand failed on limitation, the penalty was reduced correspondingly. The demand for the period beyond six months was set aside. en-us Mon, 22 Jun 1998 00:00:00 +0530 Thu, 22 Sep 2011 11:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88902 A demand for reversal of Modvat credit was treated as time-barred for the portion raised beyond six months, because the relevant facts had already been disclosed in the RT 12 returns and were within the Department's knowledge. Mere non-payment of the amount reflected in the assessment memorandum did not justify invocation of the extended limitation period. As the larger part of the demand failed on limitation, the penalty was reduced correspondingly. The demand for the period beyond six months was set aside. Case-Laws Central Excise Mon, 22 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88902