https://www.taxtmi.com/caselaws?id=85456 Rule 57T governing the newly introduced Modvat scheme for capital goods allowed the Assistant Commissioner to condone delay in filing the declaration where sufficient cause was shown. Because the credit was taken in the transition period soon after the provision came into force and the declaration was filed shortly afterwards with only a brief delay, the delay was treated as explainable and within the scope of the rule's relaxation power. The Modvat credit on capital goods was therefore held admissible in favour of the assessee. en-us Mon, 20 May 1996 00:00:00 +0530 Fri, 05 Aug 2011 11:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85456 Rule 57T governing the newly introduced Modvat scheme for capital goods allowed the Assistant Commissioner to condone delay in filing the declaration where sufficient cause was shown. Because the credit was taken in the transition period soon after the provision came into force and the declaration was filed shortly afterwards with only a brief delay, the delay was treated as explainable and within the scope of the rule's relaxation power. The Modvat credit on capital goods was therefore held admissible in favour of the assessee. Case-Laws Central Excise Mon, 20 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85456