https://www.taxtmi.com/caselaws?id=92017 Disclosure of aluminium bobbins in Modvat declarations and return filings meant the department was aware that credit was being taken on those inputs. On the facts stated, there was no material of knowing misstatement or deliberate suppression of facts, and the respondents could reasonably treat the bobbins as inputs under the Modvat scheme. The extended period of limitation for recovery was therefore held not applicable, with the demand barred by limitation and the departmental appeals unsuccessful. en-us Mon, 16 Feb 1998 00:00:00 +0530 Sat, 22 Oct 2011 15:46:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92017 Disclosure of aluminium bobbins in Modvat declarations and return filings meant the department was aware that credit was being taken on those inputs. On the facts stated, there was no material of knowing misstatement or deliberate suppression of facts, and the respondents could reasonably treat the bobbins as inputs under the Modvat scheme. The extended period of limitation for recovery was therefore held not applicable, with the demand barred by limitation and the departmental appeals unsuccessful. Case-Laws Central Excise Mon, 16 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92017