https://www.taxtmi.com/caselaws?id=94421 Extended limitation under excise law requires suppression or wilful misstatement with intent to evade duty; where classification lists and departmental correspondence disclosed the goods' nature and use, the demand was time-barred and the extended period could not be invoked. Modvat credit on HIP granules was not admissible for the relevant period because no Rule 57G declaration had been filed, and the declaration requirement was treated as mandatory rather than merely procedural. The result was that the excise demand based on extended limitation was set aside, the credit disallowance was sustained, and the penalty was substantially reduced in view of the limited surviving demand. en-us Wed, 09 Jun 1999 00:00:00 +0530 Tue, 22 Nov 2011 13:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94421 Extended limitation under excise law requires suppression or wilful misstatement with intent to evade duty; where classification lists and departmental correspondence disclosed the goods' nature and use, the demand was time-barred and the extended period could not be invoked. Modvat credit on HIP granules was not admissible for the relevant period because no Rule 57G declaration had been filed, and the declaration requirement was treated as mandatory rather than merely procedural. The result was that the excise demand based on extended limitation was set aside, the credit disallowance was sustained, and the penalty was substantially reduced in view of the limited surviving demand. Case-Laws Central Excise Wed, 09 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94421