https://www.taxtmi.com/caselaws?id=4027 A notification governing switch-over to the compounded levy scheme provided only for lapse of unutilized Modvat credit remaining on 1 August 1997 and did not authorise recovery of credit already taken and utilised on inputs in stock or in finished goods; the demand for reversal was therefore unsustainable. The extended limitation period for differential duty on transportation cost also could not be invoked because the show-cause notice did not specifically plead or prove suppression or misstatement with intent to evade duty; that demand was time-barred. Both demands failed in law, leaving the assessee entitled to complete relief. en-us Wed, 26 Dec 2007 00:00:00 +0530 Thu, 15 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4027 A notification governing switch-over to the compounded levy scheme provided only for lapse of unutilized Modvat credit remaining on 1 August 1997 and did not authorise recovery of credit already taken and utilised on inputs in stock or in finished goods; the demand for reversal was therefore unsustainable. The extended limitation period for differential duty on transportation cost also could not be invoked because the show-cause notice did not specifically plead or prove suppression or misstatement with intent to evade duty; that demand was time-barred. Both demands failed in law, leaving the assessee entitled to complete relief. Case-Laws Central Excise Wed, 26 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4027