https://www.taxtmi.com/caselaws?id=91276 Modvat credit was denied where inputs were received before the Rule 57G declaration was filed, and the later condonation mechanism under Rule 57G(5), inserted by Notification No. 8/93, was held inapplicable because it was not in force during the relevant period. The appellate authority had already sustained the denial of credit on merits and interfered only with the penalty, so the later amendment did not affect the transaction. The revenue challenge accordingly failed, leaving the denial of Modvat credit undisturbed. en-us Tue, 22 Sep 1998 00:00:00 +0530 Mon, 17 Oct 2011 10:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91276 Modvat credit was denied where inputs were received before the Rule 57G declaration was filed, and the later condonation mechanism under Rule 57G(5), inserted by Notification No. 8/93, was held inapplicable because it was not in force during the relevant period. The appellate authority had already sustained the denial of credit on merits and interfered only with the penalty, so the later amendment did not affect the transaction. The revenue challenge accordingly failed, leaving the denial of Modvat credit undisturbed. Case-Laws Central Excise Tue, 22 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91276