https://www.taxtmi.com/caselaws?id=87386 Rule 57-I limitation ran from the date of taking Modvat credit in the RG 23A Part II account, not from the RT-12 return date, so a notice issued beyond six months was time-barred for the credits covered by that period. Glass bottles used as packaging for aerated waters were also eligible for Modvat credit on merits because the approved price structure showed a proportionate cost element for the bottles, satisfying the requirement that packaging cost be included in the assessable value. The disallowance of credit was therefore unsustainable on both limitation and merits. en-us Tue, 12 Aug 1997 00:00:00 +0530 Mon, 05 Sep 2011 16:27:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87386 Rule 57-I limitation ran from the date of taking Modvat credit in the RG 23A Part II account, not from the RT-12 return date, so a notice issued beyond six months was time-barred for the credits covered by that period. Glass bottles used as packaging for aerated waters were also eligible for Modvat credit on merits because the approved price structure showed a proportionate cost element for the bottles, satisfying the requirement that packaging cost be included in the assessable value. The disallowance of credit was therefore unsustainable on both limitation and merits. Case-Laws Central Excise Tue, 12 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87386