2011 (2) TMI 1010

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....e (s) Per Shri S.S.Kang. 1.  Heard both sides. 2. Appellant filed this Appeal against the impugned order whereby credit of Rs.2,92,760/-(Rupees Two Lakhs Ninety Two Thousand Seven Hundred and Sixty only) was denied and equal amount of penalty was imposed. 3. Appellants were working under the MODVAT Scheme and availed credit of duty paid in respect of capital goods and inputs d....

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....date when Show Cause Notice was issued a notice is to be issued within 6 (six) months from the last date on which the return is to be filed for disallowing the credit which has been taken on account of an error, omission or mis-construction on the part of an officer or a manufacturer. Extended period of limitation of 5 (five) years is available in the case where credit has been availed on account ....