https://www.taxtmi.com/caselaws?id=108219 Where the available Modvat credit on inputs exceeded the duty payable on finished goods, intention to evade duty could not be inferred and the extended period of limitation was unavailable. The demand period fell between 1-4-1997 and 14-11-1997, while the show cause notice was issued on 27-6-2000, so the duty demand and penalties were held time-barred. The governing principle applied was that the extended limitation period cannot be invoked when the demand is fully covered by available credit and no fraudulent intent or suppression is established. en-us Fri, 14 Jun 2002 00:00:00 +0530 Fri, 30 Mar 2012 15:27:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108219 Where the available Modvat credit on inputs exceeded the duty payable on finished goods, intention to evade duty could not be inferred and the extended period of limitation was unavailable. The demand period fell between 1-4-1997 and 14-11-1997, while the show cause notice was issued on 27-6-2000, so the duty demand and penalties were held time-barred. The governing principle applied was that the extended limitation period cannot be invoked when the demand is fully covered by available credit and no fraudulent intent or suppression is established. Case-Laws Central Excise Fri, 14 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108219