https://www.taxtmi.com/caselaws?id=97516 Extended limitation for disallowance of Modvat credit cannot be invoked without deliberate suppression or misstatement with intent to evade duty, particularly where the assessee disclosed the material particulars in declarations, duty-paying documents and RT-12 returns. On those facts, the demand was time barred. Penalty under Rule 173Q could not survive once the demand was held barred by limitation, and Section 11AC was inapplicable because the period involved predated its commencement. The demand and penalties were therefore set aside, with consequential relief available according to law. en-us Tue, 02 May 2000 00:00:00 +0530 Tue, 17 Jan 2012 10:52:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97516 Extended limitation for disallowance of Modvat credit cannot be invoked without deliberate suppression or misstatement with intent to evade duty, particularly where the assessee disclosed the material particulars in declarations, duty-paying documents and RT-12 returns. On those facts, the demand was time barred. Penalty under Rule 173Q could not survive once the demand was held barred by limitation, and Section 11AC was inapplicable because the period involved predated its commencement. The demand and penalties were therefore set aside, with consequential relief available according to law. Case-Laws Central Excise Tue, 02 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97516