https://www.taxtmi.com/caselaws?id=96143 Modvat credit taken on the basis of a Customs certificate evidencing payment of basic and countervailing duty, and disclosed in prescribed registers and RT-12 returns, does not justify invoking the extended limitation period without material showing deliberate suppression. Where duty payment is officially certified and credit is transparently recorded in statutory returns, limitation prevents reversal of credit and imposition of penalty. The substantive eligibility of the credit document does not independently sustain the demand once the claim is time-barred. en-us Mon, 23 Apr 2001 00:00:00 +0530 Sat, 17 Dec 2011 15:43:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96143 Modvat credit taken on the basis of a Customs certificate evidencing payment of basic and countervailing duty, and disclosed in prescribed registers and RT-12 returns, does not justify invoking the extended limitation period without material showing deliberate suppression. Where duty payment is officially certified and credit is transparently recorded in statutory returns, limitation prevents reversal of credit and imposition of penalty. The substantive eligibility of the credit document does not independently sustain the demand once the claim is time-barred. Case-Laws Central Excise Mon, 23 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96143