https://www.taxtmi.com/caselaws?id=105170 Modvat credit demand was held time-barred because the assessee had disclosed the capital goods, invoice, purchase order and classification particulars in its declaration, and the same details were available in contemporaneous records. When any doubt remained about the function or coverage of the goods, the department could have sought further particulars; it could not invoke the longer limitation period after about two years on the same material without new facts. An unsupported allegation of suppression or misstatement was insufficient to justify extended limitation. The impugned orders were set aside and relief followed. en-us Fri, 03 Aug 2001 00:00:00 +0530 Fri, 02 Mar 2012 17:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105170 Modvat credit demand was held time-barred because the assessee had disclosed the capital goods, invoice, purchase order and classification particulars in its declaration, and the same details were available in contemporaneous records. When any doubt remained about the function or coverage of the goods, the department could have sought further particulars; it could not invoke the longer limitation period after about two years on the same material without new facts. An unsupported allegation of suppression or misstatement was insufficient to justify extended limitation. The impugned orders were set aside and relief followed. Case-Laws Central Excise Fri, 03 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105170