https://www.taxtmi.com/caselaws?id=116210 Endorsed gate passes issued before 1 April 1994 remained valid documents for Modvat credit where the credit was taken within the transitional period prescribed by Notification No. 16/94-C.E. (N.T.). On the facts stated, the documents satisfied the required conditions, so Modvat credit was admissible. The extended period of limitation could not be applied because the notice did not clearly allege suppression of facts, fraud, collusion or wilful misstatement, which are necessary foundational elements for longer limitation. The demand and penalty were therefore not sustainable, with consequential relief following. en-us Tue, 05 Apr 2005 00:00:00 +0530 Fri, 08 Jun 2012 18:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116210 Endorsed gate passes issued before 1 April 1994 remained valid documents for Modvat credit where the credit was taken within the transitional period prescribed by Notification No. 16/94-C.E. (N.T.). On the facts stated, the documents satisfied the required conditions, so Modvat credit was admissible. The extended period of limitation could not be applied because the notice did not clearly allege suppression of facts, fraud, collusion or wilful misstatement, which are necessary foundational elements for longer limitation. The demand and penalty were therefore not sustainable, with consequential relief following. Case-Laws Central Excise Tue, 05 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116210