https://www.taxtmi.com/caselaws?id=299424 Modvat credit demand was treated as time-barred under Rule 57I because the relevant clearances were disclosed in statutory records and returns, and the department knew the final products were being cleared under Chapter X procedure without duty. The assessees also had a bona fide belief that credit was available, as the period preceded a Larger Bench ruling and Tribunal views were then conflicting. On that basis, the extended limitation period was not available, and the relevant date for limitation was linked to the date of taking credit. en-us Fri, 20 Oct 2000 00:00:00 +0530 Tue, 14 Dec 2021 12:08:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299424 Modvat credit demand was treated as time-barred under Rule 57I because the relevant clearances were disclosed in statutory records and returns, and the department knew the final products were being cleared under Chapter X procedure without duty. The assessees also had a bona fide belief that credit was available, as the period preceded a Larger Bench ruling and Tribunal views were then conflicting. On that basis, the extended limitation period was not available, and the relevant date for limitation was linked to the date of taking credit. Case-Laws Central Excise Fri, 20 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299424