https://www.taxtmi.com/caselaws?id=338499 Disclosed exempt clearances under CT-2 certificates and proportionate reversal of input credit negate suppression of facts, preventing invocation of the extended limitation period where the department knew the clearances and reversal quantum. Reversal of actual credit attributable to inputs used in exempted goods satisfies the Rule 6 requirement, including where reversal occurs after clearance but before credit utilisation. No additional amount based on the value of exempted goods remains payable once attributable credit has been reversed. en-us Fri, 02 Dec 2016 00:00:00 +0530 Tue, 04 Dec 2018 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338499 Disclosed exempt clearances under CT-2 certificates and proportionate reversal of input credit negate suppression of facts, preventing invocation of the extended limitation period where the department knew the clearances and reversal quantum. Reversal of actual credit attributable to inputs used in exempted goods satisfies the Rule 6 requirement, including where reversal occurs after clearance but before credit utilisation. No additional amount based on the value of exempted goods remains payable once attributable credit has been reversed. Case-Laws Central Excise Fri, 02 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338499