https://www.taxtmi.com/caselaws?id=87759 Limitation under Rule 57-I of the Central Excise Rules, 1944 runs from the date Modvat credit is taken, because the phrase "within six months from the date of such credit" refers to the original credit entry and not its later utilisation or RT-12 return filing; on that basis, notices issued beyond six months were time-barred. The Tribunal also held that Modvat credit is admissible on the strength of an endorsed bill of entry, since endorsement does not deprive the document of its duty-paying character for Modvat purposes. The Revenue failed on limitation, while the assessee succeeded on admissibility of credit. en-us Thu, 10 Apr 1997 00:00:00 +0530 Sat, 10 Sep 2011 11:29:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87759 Limitation under Rule 57-I of the Central Excise Rules, 1944 runs from the date Modvat credit is taken, because the phrase "within six months from the date of such credit" refers to the original credit entry and not its later utilisation or RT-12 return filing; on that basis, notices issued beyond six months were time-barred. The Tribunal also held that Modvat credit is admissible on the strength of an endorsed bill of entry, since endorsement does not deprive the document of its duty-paying character for Modvat purposes. The Revenue failed on limitation, while the assessee succeeded on admissibility of credit. Case-Laws Central Excise Thu, 10 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87759