https://www.taxtmi.com/caselaws?id=93066 Extended limitation was found invocable where the record disclosed alleged suppressed clearances, irregular maintenance of statutory records and procedural lapses, even though some reconciliation and duty-paying documents were produced. The Tribunal then examined the duty demand component-wise and sustained only the proved part, while accepting reconciliation for certain removals and deleting the balance. Ineligible Modvat credit disallowance was upheld where wrongly taken credit was shown on the material, but the penalties were reduced in view of the partly sustained liability. Confiscation of land, building, plant and machinery with redemption fine was set aside as disproportionate in the reduced-liability context. en-us Fri, 26 Nov 1999 00:00:00 +0530 Tue, 08 Nov 2011 11:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93066 Extended limitation was found invocable where the record disclosed alleged suppressed clearances, irregular maintenance of statutory records and procedural lapses, even though some reconciliation and duty-paying documents were produced. The Tribunal then examined the duty demand component-wise and sustained only the proved part, while accepting reconciliation for certain removals and deleting the balance. Ineligible Modvat credit disallowance was upheld where wrongly taken credit was shown on the material, but the penalties were reduced in view of the partly sustained liability. Confiscation of land, building, plant and machinery with redemption fine was set aside as disproportionate in the reduced-liability context. Case-Laws Central Excise Fri, 26 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93066