https://www.taxtmi.com/caselaws?id=184554 Minor defects in a Modvat declaration do not justify denial of credit where the duty-paid inputs are traceable in statutory records and were received for use in manufacture. On the facts, the notice was based on entries in RG 23A Part II, bills of entry and RT-12 returns already reflected in the records, so suppression of facts was not established and the extended limitation period could not be invoked. The disputed credit was also substantially accounted for by an earlier debit, leaving no basis to sustain the demand or penalty. The demand, disallowance of credit and penalty were therefore held unsustainable. en-us Fri, 30 Mar 2001 00:00:00 +0530 Tue, 12 Jul 2016 16:04:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184554 Minor defects in a Modvat declaration do not justify denial of credit where the duty-paid inputs are traceable in statutory records and were received for use in manufacture. On the facts, the notice was based on entries in RG 23A Part II, bills of entry and RT-12 returns already reflected in the records, so suppression of facts was not established and the extended limitation period could not be invoked. The disputed credit was also substantially accounted for by an earlier debit, leaving no basis to sustain the demand or penalty. The demand, disallowance of credit and penalty were therefore held unsustainable. Case-Laws Central Excise Fri, 30 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184554