https://www.taxtmi.com/caselaws?id=84384 Filing the Rule 57G declaration was treated as the starting point of entitlement to Modvat credit, and the RG 23A record-keeping and monthly return requirements were regarded as procedural safeguards for accounting and verification. Credit could not be denied merely because the assessee consolidated entries and filed returns later, where duty-paid inputs were received and used for the notified final products. The absence of an express time limit for taking credit supported this view, subject to satisfaction that the inputs were covered by the declaration, supported by duty-paying documents, and within the applicable six-month limit. On that basis, Modvat credit remained available. en-us Mon, 06 Mar 1995 00:00:00 +0530 Thu, 21 Jul 2011 16:17:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84384 Filing the Rule 57G declaration was treated as the starting point of entitlement to Modvat credit, and the RG 23A record-keeping and monthly return requirements were regarded as procedural safeguards for accounting and verification. Credit could not be denied merely because the assessee consolidated entries and filed returns later, where duty-paid inputs were received and used for the notified final products. The absence of an express time limit for taking credit supported this view, subject to satisfaction that the inputs were covered by the declaration, supported by duty-paying documents, and within the applicable six-month limit. On that basis, Modvat credit remained available. Case-Laws Central Excise Mon, 06 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84384