https://www.taxtmi.com/caselaws?id=50727 Clearances made under a special duty-free procedure are not treated as exempt clearances for denying Modvat credit on inputs used in manufacture, so credit remains admissible where the final product is removed without duty under that scheme. The commentary also notes that the extended period of limitation is unavailable unless the statutory elements of fraud, wilful misstatement, suppression of facts, collusion, or intent to evade duty are present; mere disputed credit and ongoing correspondence are insufficient. On that basis, the demand, penalty, and related confirmation were set aside. en-us Fri, 24 Aug 2001 00:00:00 +0530 Wed, 25 Aug 2010 16:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50727 Clearances made under a special duty-free procedure are not treated as exempt clearances for denying Modvat credit on inputs used in manufacture, so credit remains admissible where the final product is removed without duty under that scheme. The commentary also notes that the extended period of limitation is unavailable unless the statutory elements of fraud, wilful misstatement, suppression of facts, collusion, or intent to evade duty are present; mere disputed credit and ongoing correspondence are insufficient. On that basis, the demand, penalty, and related confirmation were set aside. Case-Laws Central Excise Fri, 24 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50727