https://www.taxtmi.com/caselaws?id=50709 Conditional exemption under Notification No. 452/86-C.E. was available where the assessee reversed the inadmissible Modvat credit taken on inputs used in manufacturing railway coaches; the Tribunal treated reversal as curing the breach of the notification condition and allowed the exemption, subject to verification of the reversal. The extended limitation period was not sustainable because the department was already aware of the credit availment and related correspondence, so the demand could not be framed on suppression grounds. Once the duty demand failed, the penalty also could not survive. en-us Thu, 22 Feb 2001 00:00:00 +0530 Mon, 05 Jan 2026 23:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50709 Conditional exemption under Notification No. 452/86-C.E. was available where the assessee reversed the inadmissible Modvat credit taken on inputs used in manufacturing railway coaches; the Tribunal treated reversal as curing the breach of the notification condition and allowed the exemption, subject to verification of the reversal. The extended limitation period was not sustainable because the department was already aware of the credit availment and related correspondence, so the demand could not be framed on suppression grounds. Once the duty demand failed, the penalty also could not survive. Case-Laws Central Excise Thu, 22 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50709