https://www.taxtmi.com/caselaws?id=105471 Modvat credit cannot be denied merely because the assessee does not maintain a one-to-one correlation between inputs and final products where the rule allows credit for inputs used in or in relation to manufacture of the intended final product. The requirement is satisfied absent proof that the credit was actually diverted to a different product. The extended limitation period also cannot be invoked unless wilful suppression or intent to evade duty is established; disclosure of the relevant details and departmental scrutiny of returns support the absence of such suppression. en-us Mon, 19 Nov 2001 00:00:00 +0530 Thu, 15 Feb 2018 09:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105471 Modvat credit cannot be denied merely because the assessee does not maintain a one-to-one correlation between inputs and final products where the rule allows credit for inputs used in or in relation to manufacture of the intended final product. The requirement is satisfied absent proof that the credit was actually diverted to a different product. The extended limitation period also cannot be invoked unless wilful suppression or intent to evade duty is established; disclosure of the relevant details and departmental scrutiny of returns support the absence of such suppression. Case-Laws Central Excise Mon, 19 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105471