1996 (7) TMI 393

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..... The issue in the appeal relates to whether the demand in respect of Modvat credit which was taken before filing the declaration would be hit by bar of limitation. The respondents had taken the Modvat credit during April 1987 as admitted by the learned DR and the department has issued show cause notice on 27-11-1987. 2. There is none for the respondents. They have requested for adjournment. Since .....

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..... relating to Modvat credit and since RT 12 return is a statutory document for assessment purposes, we hold that the relevant date for reckoning the reasonable period of limitation should commence from the date the RT 12 returns are filed or should have been filed whichever is earlier. Even on the basis of this, taking into consideration the date of issue of show cause notice we observe that the d .....

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