https://www.taxtmi.com/caselaws?id=106432 A duty demand raised after RT 12 assessments were finalised was treated as time-barred under Section 11A of the Central Excise Act, because further recovery had to be pursued within the prescribed limitation and in the manner required by law; the demand therefore failed. The assessee was also held entitled to Modvat credit from the date the final products became dutiable, with corresponding recasting of the credit register, since no one-to-one correlation requirement prevented that adjustment. The contrary precedent cited by Revenue was found inapplicable on the facts, and the core Modvat adjustment was upheld. en-us Fri, 05 Jul 2002 00:00:00 +0530 Wed, 14 Mar 2012 11:38:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106432 A duty demand raised after RT 12 assessments were finalised was treated as time-barred under Section 11A of the Central Excise Act, because further recovery had to be pursued within the prescribed limitation and in the manner required by law; the demand therefore failed. The assessee was also held entitled to Modvat credit from the date the final products became dutiable, with corresponding recasting of the credit register, since no one-to-one correlation requirement prevented that adjustment. The contrary precedent cited by Revenue was found inapplicable on the facts, and the core Modvat adjustment was upheld. Case-Laws Central Excise Fri, 05 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106432