https://www.taxtmi.com/caselaws?id=105733 Modvat credit demands and consequential penalties were stated to be time-barred because the department had already been aware of the assessee's accounting and transfer practice through earlier notices and proceedings. The record also showed continuing reversals during the relevant period, so suppression of facts could not be sustained to invoke the extended limitation period. On that basis, the demand was held barred by limitation and the finding of suppression was rejected, with the impugned order set aside and consequential relief granted. en-us Wed, 11 Sep 2002 00:00:00 +0530 Wed, 07 Mar 2012 12:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105733 Modvat credit demands and consequential penalties were stated to be time-barred because the department had already been aware of the assessee's accounting and transfer practice through earlier notices and proceedings. The record also showed continuing reversals during the relevant period, so suppression of facts could not be sustained to invoke the extended limitation period. On that basis, the demand was held barred by limitation and the finding of suppression was rejected, with the impugned order set aside and consequential relief granted. Case-Laws Central Excise Wed, 11 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105733