https://www.taxtmi.com/caselaws?id=122001 Where the department had already received the relevant declaration for Modvat credit on capital goods, condoned the delay, and permitted credit after defacing the invoice, a later show cause notice issued more than two years afterwards was held time-barred. The material facts were known to the authorities in 1997, so an objection raised only in 1999 could not sustain reversal of credit or penalty. The demand was therefore treated as hopelessly barred by limitation, and the confirmation of demand and penalty could not be sustained. en-us Wed, 06 Jul 2005 00:00:00 +0530 Tue, 07 Aug 2012 18:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122001 Where the department had already received the relevant declaration for Modvat credit on capital goods, condoned the delay, and permitted credit after defacing the invoice, a later show cause notice issued more than two years afterwards was held time-barred. The material facts were known to the authorities in 1997, so an objection raised only in 1999 could not sustain reversal of credit or penalty. The demand was therefore treated as hopelessly barred by limitation, and the confirmation of demand and penalty could not be sustained. Case-Laws Central Excise Wed, 06 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122001