https://www.taxtmi.com/caselaws?id=85595 Where the Modvat Rules did not prescribe an express time limit for availing input credit, a reasonable period was read into the scheme. The text states that credit should be taken within a reasonable time after receipt of the inputs, and applies a six-month benchmark for that purpose. On the facts described, credit taken more than two years after receipt of the goods was treated as beyond the reasonable period and therefore not maintainable. The result stated is that Modvat credit claimed after an unreasonable delay could be denied as barred by limitation. en-us Sun, 10 Mar 1996 00:00:00 +0530 Sat, 06 Aug 2011 11:03:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85595 Where the Modvat Rules did not prescribe an express time limit for availing input credit, a reasonable period was read into the scheme. The text states that credit should be taken within a reasonable time after receipt of the inputs, and applies a six-month benchmark for that purpose. On the facts described, credit taken more than two years after receipt of the goods was treated as beyond the reasonable period and therefore not maintainable. The result stated is that Modvat credit claimed after an unreasonable delay could be denied as barred by limitation. Case-Laws Central Excise Sun, 10 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85595