https://www.taxtmi.com/caselaws?id=105650 Extended limitation could not be invoked where the relevant facts were already within the Revenue's knowledge and the dispute concerned only the quantum of credit reversal on exempted tyres. The Tribunal held that the balance duty demand, apart from the undisputed credit amount relating to Dipped Fabric, was time-barred because the show cause notice was issued beyond the normal period. It further held that penalty and interest under the Modvat provisions were not sustainable in the absence of fraud, wilful misstatement, collusion, or suppression of facts with intent to evade duty. The undisputed Dipped Fabric credit remained unaffected. en-us Thu, 14 Mar 2002 00:00:00 +0530 Tue, 06 Mar 2012 17:35:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105650 Extended limitation could not be invoked where the relevant facts were already within the Revenue's knowledge and the dispute concerned only the quantum of credit reversal on exempted tyres. The Tribunal held that the balance duty demand, apart from the undisputed credit amount relating to Dipped Fabric, was time-barred because the show cause notice was issued beyond the normal period. It further held that penalty and interest under the Modvat provisions were not sustainable in the absence of fraud, wilful misstatement, collusion, or suppression of facts with intent to evade duty. The undisputed Dipped Fabric credit remained unaffected. Case-Laws Central Excise Thu, 14 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105650