https://www.taxtmi.com/caselaws?id=115353 Wrongly availed Modvat credit on inputs used in exempted clearances justified invocation of the extended limitation period because the returns did not disclose that the credit had not been reversed. Liability under Rule 57-CC remained enforceable after repeal, as Section 38A of the Central Excises and Salt Act, 1944 preserved accrued demands. Penalty was sustained because wrongful credit on inputs used for exempted goods supported an inference of intention to evade duty. The order was upheld on limitation, survival of liability, and penalty. en-us Fri, 29 Apr 2005 00:00:00 +0530 Sat, 26 May 2012 13:24:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115353 Wrongly availed Modvat credit on inputs used in exempted clearances justified invocation of the extended limitation period because the returns did not disclose that the credit had not been reversed. Liability under Rule 57-CC remained enforceable after repeal, as Section 38A of the Central Excises and Salt Act, 1944 preserved accrued demands. Penalty was sustained because wrongful credit on inputs used for exempted goods supported an inference of intention to evade duty. The order was upheld on limitation, survival of liability, and penalty. Case-Laws Central Excise Fri, 29 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115353