https://www.taxtmi.com/caselaws?id=4545 Credit on common inputs used for exempted clearances was held inadmissible under the Central Excise and Cenvat Credit framework, because the goods manufactured during the relevant period were exempt from duty. The later demand for the earlier period was treated as time-barred, since the department was already aware of the underlying facts from an earlier notice and suppression could not be invoked to extend limitation. Penalty was nevertheless justified for wrongful availment of credit, but its quantum was reduced in light of the time-barred portion and the surrounding facts. en-us Tue, 08 Jan 2008 00:00:00 +0530 Sat, 12 Jul 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4545 Credit on common inputs used for exempted clearances was held inadmissible under the Central Excise and Cenvat Credit framework, because the goods manufactured during the relevant period were exempt from duty. The later demand for the earlier period was treated as time-barred, since the department was already aware of the underlying facts from an earlier notice and suppression could not be invoked to extend limitation. Penalty was nevertheless justified for wrongful availment of credit, but its quantum was reduced in light of the time-barred portion and the surrounding facts. Case-Laws Central Excise Tue, 08 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4545