https://www.taxtmi.com/caselaws?id=87611 HDPE bags used as packing material for cement were treated as eligible inputs for Modvat credit under Rule 57A, because packing material for cement could fall within the rule for the relevant period and the fact that its cost was not included in assessable value did not disqualify it. The Tribunal also held that, where no express time limit applied for taking Modvat credit, delay had to be judged on the facts of each case; the assessee's claim, made shortly after the eligibility position was clarified, was within a reasonable period. The demand and penalty were therefore unsustainable, and Modvat credit with consequential relief was allowed. en-us Tue, 04 Nov 1997 00:00:00 +0530 Thu, 08 Sep 2011 11:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87611 HDPE bags used as packing material for cement were treated as eligible inputs for Modvat credit under Rule 57A, because packing material for cement could fall within the rule for the relevant period and the fact that its cost was not included in assessable value did not disqualify it. The Tribunal also held that, where no express time limit applied for taking Modvat credit, delay had to be judged on the facts of each case; the assessee's claim, made shortly after the eligibility position was clarified, was within a reasonable period. The demand and penalty were therefore unsustainable, and Modvat credit with consequential relief was allowed. Case-Laws Central Excise Tue, 04 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87611