https://www.taxtmi.com/caselaws?id=99120 Where declarations and statutory returns disclosed the material facts, the extended limitation period could not be invoked on the basis of alleged suppression, so the demand was time-barred. Modvat credit on aluminium ingots could be used for eligible final products without a strict one-to-one correlation between each input and output, so the merits challenge to credit utilisation failed. Penalty under the Central Excise Rules, 1944 was also unsustainable because the credit was taken on permissible documents and no proved contravention or mens rea was established. The assessee therefore obtained complete relief. en-us Fri, 04 Aug 2000 00:00:00 +0530 Wed, 25 Jan 2012 12:26:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99120 Where declarations and statutory returns disclosed the material facts, the extended limitation period could not be invoked on the basis of alleged suppression, so the demand was time-barred. Modvat credit on aluminium ingots could be used for eligible final products without a strict one-to-one correlation between each input and output, so the merits challenge to credit utilisation failed. Penalty under the Central Excise Rules, 1944 was also unsustainable because the credit was taken on permissible documents and no proved contravention or mens rea was established. The assessee therefore obtained complete relief. Case-Laws Central Excise Fri, 04 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99120