https://www.taxtmi.com/caselaws?id=85077 Modvat credit under Rule 57H was treated as allowable where an application for permission had been made and no refusal had been recorded. The phrase "may allow" was read as requiring the Assistant Collector to examine the prescribed conditions, but not as making prior permission an absolute precondition in every case. Permission could not be withheld without valid reasons or delayed unreasonably, and availment of credit in anticipation of permission was not invalid merely because formal approval had not yet issued. On that basis, the denial of credit was set aside and the assessee's credit claim was upheld. en-us Fri, 01 Mar 1996 00:00:00 +0530 Tue, 02 Aug 2011 16:19:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85077 Modvat credit under Rule 57H was treated as allowable where an application for permission had been made and no refusal had been recorded. The phrase "may allow" was read as requiring the Assistant Collector to examine the prescribed conditions, but not as making prior permission an absolute precondition in every case. Permission could not be withheld without valid reasons or delayed unreasonably, and availment of credit in anticipation of permission was not invalid merely because formal approval had not yet issued. On that basis, the denial of credit was set aside and the assessee's credit claim was upheld. Case-Laws Central Excise Fri, 01 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85077