https://www.taxtmi.com/caselaws?id=259149 The extended period of limitation for Cenvat credit could not be invoked because the invoices had been verified and defaced by the jurisdictional Superintendent, the inputs were recorded in the Cenvat account, and there was no material showing fraud, wilful suppression, or the assessee's participation in any wrongdoing; the credit demand was therefore time-barred. The scrap-clearance duty demand also failed because the alleged rough paper entry and seized documents were not properly examined, and undervaluation or suppression was not conclusively proved; the consequential penalties could not survive and the demands and penalties were annulled. en-us Fri, 17 Apr 2015 00:00:00 +0530 Fri, 01 May 2015 06:11:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259149 The extended period of limitation for Cenvat credit could not be invoked because the invoices had been verified and defaced by the jurisdictional Superintendent, the inputs were recorded in the Cenvat account, and there was no material showing fraud, wilful suppression, or the assessee's participation in any wrongdoing; the credit demand was therefore time-barred. The scrap-clearance duty demand also failed because the alleged rough paper entry and seized documents were not properly examined, and undervaluation or suppression was not conclusively proved; the consequential penalties could not survive and the demands and penalties were annulled. Case-Laws Central Excise Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259149