Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Appellants' Late Modvat Credit Appeal Dismissed Under Rule 57G(5)</h1> The appeal was dismissed as the appellants availed Modvat credit after the statutory period of six months, which is prohibited under Rule 57G(5). The ... Modvat - Limitation The appeal was filed against the Order disallowing Modvat credit due to late availing. The appellants admitted availing credit after the statutory period, citing labor problems and factory closure. Rule 57G(5) states credit cannot be taken after six months, which is mandatory. The Commissioner's decision was upheld, dismissing the appeal.