Declaration for capital goods credit: late filing alone won't bar input duty credit; explanation required. A manufacturer claiming credit for duty paid on capital goods must file a declaration with the Assistant Commissioner; credit should not be denied solely because the declaration was filed after receipt of the goods. Where the declaration is filed after receipt, the manufacturer must include an explanation for the delay, and field formations must accept such late-filed declarations provided a proper declaration and delay explanation accompany the claim.
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Provisions expressly mentioned in the judgment/order text.
Declaration for capital goods credit: late filing alone won't bar input duty credit; explanation required.
A manufacturer claiming credit for duty paid on capital goods must file a declaration with the Assistant Commissioner; credit should not be denied solely because the declaration was filed after receipt of the goods. Where the declaration is filed after receipt, the manufacturer must include an explanation for the delay, and field formations must accept such late-filed declarations provided a proper declaration and delay explanation accompany the claim.
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