https://www.taxtmi.com/caselaws?id=83348 Rule 57-I limitation for recovery of Modvat credit runs from the date credit is taken, rather than the date the Department learns of it through an RT-12 return. Consequently, a notice issued beyond six months from the relevant credit dates is time-barred. Deemed credit operates as an exceptional facility where duty-paying documents are unavailable; it does not prevent an assessee from claiming differential actual credit when valid documents subsequently establish the duty paid on correlated inputs. Credit remains available up to the actual duty paid, subject to documentary support and input correlation. en-us Mon, 27 Jun 1994 00:00:00 +0530 Tue, 12 Jul 2011 18:04:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83348 Rule 57-I limitation for recovery of Modvat credit runs from the date credit is taken, rather than the date the Department learns of it through an RT-12 return. Consequently, a notice issued beyond six months from the relevant credit dates is time-barred. Deemed credit operates as an exceptional facility where duty-paying documents are unavailable; it does not prevent an assessee from claiming differential actual credit when valid documents subsequently establish the duty paid on correlated inputs. Credit remains available up to the actual duty paid, subject to documentary support and input correlation. Case-Laws Central Excise Mon, 27 Jun 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83348