https://www.taxtmi.com/caselaws?id=88483 Modvat credit on inputs received before filing the Rule 57G declaration could not be denied merely because regularisation under Rule 57H was sought later, where the inputs and final products were undisputed and the assessee was otherwise entitled to proforma credit under the earlier Rule 56A regime. The 31-1-1986 cut-off was held inapplicable to inputs that would have qualified under the pre-existing scheme, so the limitation objection became irrelevant once substantive admissibility was established. The commentary concludes that delayed regularisation alone does not defeat entitlement when credit is otherwise allowable on merits. en-us Thu, 13 Nov 1997 00:00:00 +0530 Mon, 19 Sep 2011 12:15:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88483 Modvat credit on inputs received before filing the Rule 57G declaration could not be denied merely because regularisation under Rule 57H was sought later, where the inputs and final products were undisputed and the assessee was otherwise entitled to proforma credit under the earlier Rule 56A regime. The 31-1-1986 cut-off was held inapplicable to inputs that would have qualified under the pre-existing scheme, so the limitation objection became irrelevant once substantive admissibility was established. The commentary concludes that delayed regularisation alone does not defeat entitlement when credit is otherwise allowable on merits. Case-Laws Central Excise Thu, 13 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88483