https://www.taxtmi.com/caselaws?id=90776 Modvat credit was treated as admissible on dyed nylon crimped yarn received under dealer invoices because the invoices contained the required particulars and duty had already been paid on the grey yarn before dyeing; the exemption applicable to the dyed yarn did not change the duty-paid character of the inputs. The objection that credit was taken on the basis of dealer invoices for exempted dyed yarn was therefore not sustainable. Delay in filing the Modvat declaration could also be condoned under Rule 57G(5) where an application for condonation had been filed and the inputs were received within the relevant period. en-us Thu, 23 Jul 1998 00:00:00 +0530 Tue, 11 Oct 2011 13:43:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90776 Modvat credit was treated as admissible on dyed nylon crimped yarn received under dealer invoices because the invoices contained the required particulars and duty had already been paid on the grey yarn before dyeing; the exemption applicable to the dyed yarn did not change the duty-paid character of the inputs. The objection that credit was taken on the basis of dealer invoices for exempted dyed yarn was therefore not sustainable. Delay in filing the Modvat declaration could also be condoned under Rule 57G(5) where an application for condonation had been filed and the inputs were received within the relevant period. Case-Laws Central Excise Thu, 23 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90776