https://www.taxtmi.com/caselaws?id=341919 MODVAT credit demand based only on alleged mismatch between the stock ledger and RG 23A Part I could not be sustained without evidence of improper availment, clandestine removal, or use of inputs in exempted goods. The Tribunal noted the appellant's failure to reconcile the records but held that a mere accounting discrepancy could not by itself justify the demand. The extended period of limitation was also not invocable because no ingredient necessary for extended limitation was shown, and the show cause notice was beyond the normal period. Interest and penalty therefore fell with the time-barred demand, and the appeal was allowed. en-us Fri, 17 Mar 2017 00:00:00 +0530 Thu, 20 Apr 2017 13:01:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341919 MODVAT credit demand based only on alleged mismatch between the stock ledger and RG 23A Part I could not be sustained without evidence of improper availment, clandestine removal, or use of inputs in exempted goods. The Tribunal noted the appellant's failure to reconcile the records but held that a mere accounting discrepancy could not by itself justify the demand. The extended period of limitation was also not invocable because no ingredient necessary for extended limitation was shown, and the show cause notice was beyond the normal period. Interest and penalty therefore fell with the time-barred demand, and the appeal was allowed. Case-Laws Central Excise Fri, 17 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341919