https://www.taxtmi.com/caselaws?id=90421 Modvat credit was held inadmissible where gate passes and underlying transactions were found to be fake, with no receipt of goods and conscious use of fictitious documents. The Tribunal also upheld invocation of the extended limitation period because the concealment, suppression, fraud and wilful misstatement showed intent to evade duty. On natural justice, it found no prejudice from the absence of cross-examination because the statements were corroborated by documentary and oral evidence in the quasi-judicial proceedings. The appeal therefore failed, and recovery of credit, penalty and the demand were sustained. en-us Mon, 13 Oct 1997 00:00:00 +0530 Fri, 07 Oct 2011 12:50:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90421 Modvat credit was held inadmissible where gate passes and underlying transactions were found to be fake, with no receipt of goods and conscious use of fictitious documents. The Tribunal also upheld invocation of the extended limitation period because the concealment, suppression, fraud and wilful misstatement showed intent to evade duty. On natural justice, it found no prejudice from the absence of cross-examination because the statements were corroborated by documentary and oral evidence in the quasi-judicial proceedings. The appeal therefore failed, and recovery of credit, penalty and the demand were sustained. Case-Laws Central Excise Mon, 13 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90421