https://www.taxtmi.com/caselaws?id=85488 Rule 57H permits transitional Modvat credit on duty-paid inputs received immediately before the dated acknowledgment of a Rule 57G declaration, provided the Assistant Collector is satisfied that the prescribed conditions are met. Prior permission is not expressly required, and credit cannot be denied merely because the entry was made one day before acknowledgment where the inputs were in stock, used in manufacture, and no disqualifying factor was shown. The provision is intended to avoid disruption of production and should not be applied rigidly to defeat eligible credit. On that basis, the credit was upheld and recovery was not justified. en-us Fri, 07 Jun 1996 00:00:00 +0530 Fri, 05 Aug 2011 12:59:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85488 Rule 57H permits transitional Modvat credit on duty-paid inputs received immediately before the dated acknowledgment of a Rule 57G declaration, provided the Assistant Collector is satisfied that the prescribed conditions are met. Prior permission is not expressly required, and credit cannot be denied merely because the entry was made one day before acknowledgment where the inputs were in stock, used in manufacture, and no disqualifying factor was shown. The provision is intended to avoid disruption of production and should not be applied rigidly to defeat eligible credit. On that basis, the credit was upheld and recovery was not justified. Case-Laws Central Excise Fri, 07 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85488