https://www.taxtmi.com/caselaws?id=109906 Extended limitation could not be invoked for duty demand on valuation of parts cleared to the assessee's own factory because separate price lists had disclosed the relevant clearances and no deliberate suppression or intent to evade duty was shown. The demand was therefore confined to the normal period, although it remained otherwise sustainable on merits. Penalty under the Modvat provision was also not sustainable where credit had been validly taken on receipt of inputs and their later obsolescence or non-use did not establish fraud, wilful misstatement, suppression, or other intent to evade duty. The penalty was set aside on that basis. en-us Mon, 07 Jul 2003 00:00:00 +0530 Thu, 12 Apr 2012 17:25:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109906 Extended limitation could not be invoked for duty demand on valuation of parts cleared to the assessee's own factory because separate price lists had disclosed the relevant clearances and no deliberate suppression or intent to evade duty was shown. The demand was therefore confined to the normal period, although it remained otherwise sustainable on merits. Penalty under the Modvat provision was also not sustainable where credit had been validly taken on receipt of inputs and their later obsolescence or non-use did not establish fraud, wilful misstatement, suppression, or other intent to evade duty. The penalty was set aside on that basis. Case-Laws Central Excise Mon, 07 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109906