https://www.taxtmi.com/caselaws?id=53402 Publicly available balance-sheet disclosures defeated the allegation of suppression, so the extended limitation period could not be invoked under the Central Excise Act. On that basis, penalty under section 11AC and interest under section 11AB were also unsustainable. The Tribunal further held that where inputs remained in the factory and had merely been written off in the books, credit could not be denied on a presumption that they were unusable. The appeal was allowed and the impugned order was set aside. en-us Thu, 05 Aug 2004 00:00:00 +0530 Tue, 11 Jun 2024 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53402 Publicly available balance-sheet disclosures defeated the allegation of suppression, so the extended limitation period could not be invoked under the Central Excise Act. On that basis, penalty under section 11AC and interest under section 11AB were also unsustainable. The Tribunal further held that where inputs remained in the factory and had merely been written off in the books, credit could not be denied on a presumption that they were unusable. The appeal was allowed and the impugned order was set aside. Case-Laws Central Excise Thu, 05 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53402