https://www.taxtmi.com/caselaws?id=54654 Where common inputs are used in exempted final products under the Modvat credit scheme, credit is required to be reversed on the full quantity of inputs used for the exempted goods, not merely on the portion physically present in the finished product. A proportionate reversal based only on input content was rejected as inconsistent with the statutory scheme. On limitation, the extended period could not be sustained without clear proof that the relevant facts had been disclosed or were otherwise known to the department; mere filing of returns was held insufficient by itself. The limitation and related quantification aspects were remitted for fresh consideration. en-us Wed, 30 Nov 2005 00:00:00 +0530 Thu, 21 Oct 2010 13:26:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54654 Where common inputs are used in exempted final products under the Modvat credit scheme, credit is required to be reversed on the full quantity of inputs used for the exempted goods, not merely on the portion physically present in the finished product. A proportionate reversal based only on input content was rejected as inconsistent with the statutory scheme. On limitation, the extended period could not be sustained without clear proof that the relevant facts had been disclosed or were otherwise known to the department; mere filing of returns was held insufficient by itself. The limitation and related quantification aspects were remitted for fresh consideration. Case-Laws Central Excise Wed, 30 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54654