https://www.taxtmi.com/caselaws?id=81097 Rule 57H Modvat credit was explained as a beneficial provision that must be construed purposively, with emphasis on receipt of inputs, evidence of duty payment and filing of the declaration. The expression "immediately before" cannot be read as a rigid one-month limit unless the rule itself so provides. On that construction, inputs already in stock and otherwise eligible for credit could not be excluded merely because they were received more than one month before the declaration. The stated position is that restricting deemed credit to one month was not sustainable and the assessee was entitled to the benefit. en-us Tue, 17 Jul 1990 00:00:00 +0530 Wed, 22 Jun 2011 14:40:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81097 Rule 57H Modvat credit was explained as a beneficial provision that must be construed purposively, with emphasis on receipt of inputs, evidence of duty payment and filing of the declaration. The expression "immediately before" cannot be read as a rigid one-month limit unless the rule itself so provides. On that construction, inputs already in stock and otherwise eligible for credit could not be excluded merely because they were received more than one month before the declaration. The stated position is that restricting deemed credit to one month was not sustainable and the assessee was entitled to the benefit. Case-Laws Central Excise Tue, 17 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81097