https://www.taxtmi.com/caselaws?id=93788 The extended period of limitation under Rule 57-I(1) was unavailable for recovery of Modvat credit where the assessee's clearances, credit availment and related particulars were disclosed in RT-12 returns, RG 23A Part I registers, declarations and removal documents already before the department. Those records gave the department the relevant facts, so suppression or concealment could not be inferred. The assessee's bona fide belief that credit was admissible, supported by an earlier Tribunal ruling and only later settled otherwise by a Larger Bench, further negatived any basis for invoking the extended period. The demand could not therefore be sustained on that ground. en-us Thu, 27 Jul 2000 00:00:00 +0530 Wed, 16 Nov 2011 18:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93788 The extended period of limitation under Rule 57-I(1) was unavailable for recovery of Modvat credit where the assessee's clearances, credit availment and related particulars were disclosed in RT-12 returns, RG 23A Part I registers, declarations and removal documents already before the department. Those records gave the department the relevant facts, so suppression or concealment could not be inferred. The assessee's bona fide belief that credit was admissible, supported by an earlier Tribunal ruling and only later settled otherwise by a Larger Bench, further negatived any basis for invoking the extended period. The demand could not therefore be sustained on that ground. Case-Laws Central Excise Thu, 27 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93788