https://www.taxtmi.com/caselaws?id=91159 Delay in filing the declaration for Modvat credit on capital goods was accepted where the goods had been received earlier but were not yet fit for use because installation by the supplier's engineering staff was required. The declaration dated 18-6-1996 was found to contain adequate reasons for the delayed filing, and the Board's Circular dated 7-3-1996 was applied to those facts. As a result, the delay was condoned and Modvat credit on the capital goods was allowed to the assessee. en-us Mon, 13 Apr 1998 00:00:00 +0530 Fri, 14 Oct 2011 11:59:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91159 Delay in filing the declaration for Modvat credit on capital goods was accepted where the goods had been received earlier but were not yet fit for use because installation by the supplier's engineering staff was required. The declaration dated 18-6-1996 was found to contain adequate reasons for the delayed filing, and the Board's Circular dated 7-3-1996 was applied to those facts. As a result, the delay was condoned and Modvat credit on the capital goods was allowed to the assessee. Case-Laws Central Excise Mon, 13 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91159