https://www.taxtmi.com/caselaws?id=90871 Disclosure of the manufacturing process in statutory declarations and returns defeated any allegation of wilful misstatement or suppression of facts for extended limitation under the Modvat credit rules. The assessee had disclosed receipt of stainless steel wire rods/coils and the processes of annealing and pickling before export or local clearance, which put the department on notice. On that basis, the extended period for recovery could not be invoked, the demand was treated as time-barred, and the consequential penalties could not be sustained. en-us Wed, 17 Feb 1999 00:00:00 +0530 Wed, 12 Oct 2011 12:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90871 Disclosure of the manufacturing process in statutory declarations and returns defeated any allegation of wilful misstatement or suppression of facts for extended limitation under the Modvat credit rules. The assessee had disclosed receipt of stainless steel wire rods/coils and the processes of annealing and pickling before export or local clearance, which put the department on notice. On that basis, the extended period for recovery could not be invoked, the demand was treated as time-barred, and the consequential penalties could not be sustained. Case-Laws Central Excise Wed, 17 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90871