https://www.taxtmi.com/caselaws?id=33307 Extended limitation could not be invoked where the assessee had filed the classification list and the Modvat and RT-12 records showing credit reversal were available to the department, so the demand for April 1992 to February 1994 was held time-barred. For the January 1995 to March 1995 period, exemption depended on whether Modvat credit was reversed on a daily basis in proportion to clearance. As the Chartered Accountant's certificate required factual verification and the record did not conclusively establish the debit entries, the matter was remanded for limited examination, with exemption to follow if the reversal was proved correct. en-us Thu, 24 Jul 2008 00:00:00 +0530 Sun, 03 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33307 Extended limitation could not be invoked where the assessee had filed the classification list and the Modvat and RT-12 records showing credit reversal were available to the department, so the demand for April 1992 to February 1994 was held time-barred. For the January 1995 to March 1995 period, exemption depended on whether Modvat credit was reversed on a daily basis in proportion to clearance. As the Chartered Accountant's certificate required factual verification and the record did not conclusively establish the debit entries, the matter was remanded for limited examination, with exemption to follow if the reversal was proved correct. Case-Laws Central Excise Thu, 24 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33307