https://www.taxtmi.com/caselaws?id=191663 The limitation challenge to the Cenvat credit demand was not accepted, as the issue had been raised only as an alternate contention and the record supported a finding of suppression based on an unsupported document trail. The demand was therefore left undisturbed. The assessee was, however, entitled to the statutory option of reduced penalty under the proviso to Section 11AC, so long as duty, interest, and 25% of the penalty were paid within thirty days. The balance penalty would not then be recoverable. The rectification was thus effective only to this limited extent, without altering the substantive demand or the suppression finding. en-us Tue, 25 Oct 2011 00:00:00 +0530 Wed, 12 Apr 2017 11:33:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191663 The limitation challenge to the Cenvat credit demand was not accepted, as the issue had been raised only as an alternate contention and the record supported a finding of suppression based on an unsupported document trail. The demand was therefore left undisturbed. The assessee was, however, entitled to the statutory option of reduced penalty under the proviso to Section 11AC, so long as duty, interest, and 25% of the penalty were paid within thirty days. The balance penalty would not then be recoverable. The rectification was thus effective only to this limited extent, without altering the substantive demand or the suppression finding. Case-Laws Service Tax Tue, 25 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191663