https://www.taxtmi.com/caselaws?id=84929 Reading Rules 57A and 57B together, higher notional Modvat credit was not confined to the exact time of receipt of inputs, and there was no statutory basis for the departmental view that it had to be taken only then. A trade notice issued by the Collector could not override the statutory rules or curtail a credit benefit expressly available under them. Where the differential credit was taken only two days later, the marginal delay did not create any real administrative difficulty in verifying entitlement, particularly for inputs covered by the relevant small-scale industry exemption. The assessee was therefore entitled to take the higher notional credit later, and the departmental appeal failed. en-us Tue, 23 Jan 1996 00:00:00 +0530 Mon, 01 Aug 2011 16:15:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84929 Reading Rules 57A and 57B together, higher notional Modvat credit was not confined to the exact time of receipt of inputs, and there was no statutory basis for the departmental view that it had to be taken only then. A trade notice issued by the Collector could not override the statutory rules or curtail a credit benefit expressly available under them. Where the differential credit was taken only two days later, the marginal delay did not create any real administrative difficulty in verifying entitlement, particularly for inputs covered by the relevant small-scale industry exemption. The assessee was therefore entitled to take the higher notional credit later, and the departmental appeal failed. Case-Laws Central Excise Tue, 23 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84929