https://www.taxtmi.com/caselaws?id=115016 Waste oil, spent acid, spent catalyst and similar residue arising from processing inputs on which Modvat credit had been taken were treated as dutiable under Rule 57F(5) of the Central Excise Rules, 1944, which deems such waste removable on payment of duty as if manufactured in the factory. The commentary also notes that where such waste is cleared without duty payment and without disclosure in statutory returns, the extended period of limitation may be invoked. On the stated facts, non-declaration and procedural omission were treated as sufficient to exclude the plea of bona fide belief and sustain the longer limitation period. en-us Fri, 28 Jan 2005 00:00:00 +0530 Wed, 23 May 2012 10:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115016 Waste oil, spent acid, spent catalyst and similar residue arising from processing inputs on which Modvat credit had been taken were treated as dutiable under Rule 57F(5) of the Central Excise Rules, 1944, which deems such waste removable on payment of duty as if manufactured in the factory. The commentary also notes that where such waste is cleared without duty payment and without disclosure in statutory returns, the extended period of limitation may be invoked. On the stated facts, non-declaration and procedural omission were treated as sufficient to exclude the plea of bona fide belief and sustain the longer limitation period. Case-Laws Central Excise Fri, 28 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115016