https://www.taxtmi.com/caselaws?id=50327 The extended period for recovery of wrongly taken Modvat credit could not be invoked where the relevant entries and records were already available with the assessee and had come to the knowledge of the jurisdictional officers. Suppression of facts requires non-disclosure of material facts before the Excise authorities; mere inaction after those facts were on record cannot be treated as suppression for limitation purposes. The demand was therefore time-barred, and the assessee obtained consequential relief. en-us Fri, 14 Jul 2000 00:00:00 +0530 Sat, 21 Aug 2010 11:23:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50327 The extended period for recovery of wrongly taken Modvat credit could not be invoked where the relevant entries and records were already available with the assessee and had come to the knowledge of the jurisdictional officers. Suppression of facts requires non-disclosure of material facts before the Excise authorities; mere inaction after those facts were on record cannot be treated as suppression for limitation purposes. The demand was therefore time-barred, and the assessee obtained consequential relief. Case-Laws Central Excise Fri, 14 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50327