https://www.taxtmi.com/caselaws?id=74928 The expression "immediately before" in Rule 57H(1) of the Central Excise Rules, 1944 was read in context and not as a narrow reference only to the immediately preceding month. Transitional MODVAT credit could not be denied merely because inputs were received earlier, so long as they were received before the dated acknowledgement of the declaration, were in stock, and evidence of duty payment was available. Monthly RT-12 finalisation under Rule 173I did not control entitlement under Rule 57H. The interpretation adopted was that which furthered the object of the MODVAT scheme, and the denial of credit on this basis was held unsustainable. en-us Tue, 06 Jun 1989 00:00:00 +0530 Mon, 27 Aug 2018 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74928 The expression "immediately before" in Rule 57H(1) of the Central Excise Rules, 1944 was read in context and not as a narrow reference only to the immediately preceding month. Transitional MODVAT credit could not be denied merely because inputs were received earlier, so long as they were received before the dated acknowledgement of the declaration, were in stock, and evidence of duty payment was available. Monthly RT-12 finalisation under Rule 173I did not control entitlement under Rule 57H. The interpretation adopted was that which furthered the object of the MODVAT scheme, and the denial of credit on this basis was held unsustainable. Case-Laws Central Excise Tue, 06 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74928