https://www.taxtmi.com/caselaws?id=272349 Cenvat credit on AED (T&TA) could not be used to pay basic excise duty on the final product because Rule 3(6)(b) of the Cenvat Credit Rules, 2002 imposed a restriction on such utilisation. The assessee, however, maintained proper records and the department had knowledge of the credit position; in the absence of fraud, collusion or willful suppression with intent to evade duty, the extended period under Section 11A could not be invoked. The credit utilisation was held inadmissible, but the demand, interest and penalty failed because the notice was time-barred. en-us Fri, 12 Feb 2016 00:00:00 +0530 Mon, 07 Mar 2016 06:24:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272349 Cenvat credit on AED (T&TA) could not be used to pay basic excise duty on the final product because Rule 3(6)(b) of the Cenvat Credit Rules, 2002 imposed a restriction on such utilisation. The assessee, however, maintained proper records and the department had knowledge of the credit position; in the absence of fraud, collusion or willful suppression with intent to evade duty, the extended period under Section 11A could not be invoked. The credit utilisation was held inadmissible, but the demand, interest and penalty failed because the notice was time-barred. Case-Laws Central Excise Fri, 12 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272349