https://www.taxtmi.com/caselaws?id=84909 Modvat credit was treated as admissible where the input described in the duty-paying document and supported by the relevant ISI specification could be established as billets, but not where no satisfactory evidence showed that goods described as bars and rods were in substance rounds. The demand for reversal of credit was also confined by the amended Rule 57-I limitation period, so credit taken beyond the six-month look-back from each show cause notice was time-barred. Credit on billets was allowed, credit on bars and rods was denied, and the demand was curtailed to the permissible limitation period. en-us Mon, 08 Jan 1996 00:00:00 +0530 Mon, 01 Aug 2011 14:47:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84909 Modvat credit was treated as admissible where the input described in the duty-paying document and supported by the relevant ISI specification could be established as billets, but not where no satisfactory evidence showed that goods described as bars and rods were in substance rounds. The demand for reversal of credit was also confined by the amended Rule 57-I limitation period, so credit taken beyond the six-month look-back from each show cause notice was time-barred. Credit on billets was allowed, credit on bars and rods was denied, and the demand was curtailed to the permissible limitation period. Case-Laws Central Excise Mon, 08 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84909