https://www.taxtmi.com/caselaws?id=90662 Modvat credit on capital goods under Rule 57T of the Central Excise Rules, 1944 was denied where the goods were received through dealers rather than directly from the manufacturer and the prescribed declaration was filed late. The amendment introduced by Notification No. 23/94-C.E. (N.T.) dated 20-5-1994 was treated as prospective, so the earlier restrictive conditions continued to apply to the goods in question. The lapse was held not to be a mere procedural defect because the statutory requirements for availing credit were not satisfied. Accordingly, credit was not admissible and the Revenue's appeal succeeded. en-us Fri, 14 Aug 1998 00:00:00 +0530 Mon, 10 Oct 2011 16:12:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90662 Modvat credit on capital goods under Rule 57T of the Central Excise Rules, 1944 was denied where the goods were received through dealers rather than directly from the manufacturer and the prescribed declaration was filed late. The amendment introduced by Notification No. 23/94-C.E. (N.T.) dated 20-5-1994 was treated as prospective, so the earlier restrictive conditions continued to apply to the goods in question. The lapse was held not to be a mere procedural defect because the statutory requirements for availing credit were not satisfied. Accordingly, credit was not admissible and the Revenue's appeal succeeded. Case-Laws Central Excise Fri, 14 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90662