https://www.taxtmi.com/caselaws?id=114318 Cenvat credit on Light Diesel Oil and Furnace Oil used as fuel was not admissible when the manufacturer cleared its final products wholly exempt and did not produce any dutiable goods alongside the exempt goods, so Rule 57AD did not permit the claimed credit. The disclosed credit position in declarations and monthly returns showed no suppression of material facts, so the extended period of limitation could not be invoked and penalty was unsustainable. The demand was therefore to be recomputed by excluding the time-barred portion, and the penalty was set aside. en-us Thu, 03 Jun 2004 00:00:00 +0530 Mon, 14 May 2012 16:56:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114318 Cenvat credit on Light Diesel Oil and Furnace Oil used as fuel was not admissible when the manufacturer cleared its final products wholly exempt and did not produce any dutiable goods alongside the exempt goods, so Rule 57AD did not permit the claimed credit. The disclosed credit position in declarations and monthly returns showed no suppression of material facts, so the extended period of limitation could not be invoked and penalty was unsustainable. The demand was therefore to be recomputed by excluding the time-barred portion, and the penalty was set aside. Case-Laws Central Excise Thu, 03 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114318