https://www.taxtmi.com/caselaws?id=92102 Limitation for reversal of wrongly availed Modvat credit under Rule 57-I runs from the date the credit is taken; where show cause notices are issued more than six months later, the demand is time-barred. Recovery also cannot be sustained on a provisional assessment basis unless the assessment has been finalised and the liability has crystallised; a notice that does not proceed on finalisation cannot support demand on that footing. The impugned orders were set aside, and the assessees obtained consequential relief. en-us Fri, 16 Apr 1999 00:00:00 +0530 Mon, 24 Oct 2011 16:07:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92102 Limitation for reversal of wrongly availed Modvat credit under Rule 57-I runs from the date the credit is taken; where show cause notices are issued more than six months later, the demand is time-barred. Recovery also cannot be sustained on a provisional assessment basis unless the assessment has been finalised and the liability has crystallised; a notice that does not proceed on finalisation cannot support demand on that footing. The impugned orders were set aside, and the assessees obtained consequential relief. Case-Laws Central Excise Fri, 16 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92102