https://www.taxtmi.com/caselaws?id=118449 The Tribunal held that the appellants were not eligible for exemption under Notification No. 203/1992-Cus due to non-payment of interest on reversed Modvat credits. However, the demand for duty was deemed time-barred as the larger period of limitation was improperly invoked without specific allegations of wilful misstatement or suppression of facts. Consequently, the appeal succeeded on the ground of limitation, leading to the setting aside of the demand and penalty. en-us Mon, 24 Jul 2006 00:00:00 +0530 Sat, 30 Jun 2012 17:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118449 The Tribunal held that the appellants were not eligible for exemption under Notification No. 203/1992-Cus due to non-payment of interest on reversed Modvat credits. However, the demand for duty was deemed time-barred as the larger period of limitation was improperly invoked without specific allegations of wilful misstatement or suppression of facts. Consequently, the appeal succeeded on the ground of limitation, leading to the setting aside of the demand and penalty. Case-Laws Customs Mon, 24 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118449