https://www.taxtmi.com/caselaws?id=336947 Complete disclosure through declarations, Modvat returns and correspondence with the department prevented invocation of the extended limitation period for reversal of credit on capital goods. The record showed that the assessee had regularly furnished the relevant facts, including the credit now disputed, and the department had sufficient knowledge to initiate proceedings within the normal period. In the absence of suppression of facts, the show cause notice was time-barred and the demand could not be sustained. en-us Mon, 11 Jul 2016 00:00:00 +0530 Sun, 01 Jan 2017 13:46:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336947 Complete disclosure through declarations, Modvat returns and correspondence with the department prevented invocation of the extended limitation period for reversal of credit on capital goods. The record showed that the assessee had regularly furnished the relevant facts, including the credit now disputed, and the department had sufficient knowledge to initiate proceedings within the normal period. In the absence of suppression of facts, the show cause notice was time-barred and the demand could not be sustained. Case-Laws Central Excise Mon, 11 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336947