https://www.taxtmi.com/caselaws?id=238436 When inputs on which CENVAT credit has been taken are removed as such, payment equal to the credit availed satisfies the excise obligation under Rule 3(5) of the CENVAT Credit Rules, 2004, and no further duty at the inputs' rate is payable. A demand raised years after the removals was also held time-barred because the assessee had filed regular returns and the department was aware of the clearances and reversals, leaving no basis for the extended limitation period in the absence of suppression or wilful misstatement. en-us Mon, 05 Aug 2013 00:00:00 +0530 Thu, 02 Jan 2014 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238436 When inputs on which CENVAT credit has been taken are removed as such, payment equal to the credit availed satisfies the excise obligation under Rule 3(5) of the CENVAT Credit Rules, 2004, and no further duty at the inputs' rate is payable. A demand raised years after the removals was also held time-barred because the assessee had filed regular returns and the department was aware of the clearances and reversals, leaving no basis for the extended limitation period in the absence of suppression or wilful misstatement. Case-Laws Central Excise Mon, 05 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238436