https://www.taxtmi.com/caselaws?id=91886 Modvat credit on capital goods can be denied where the Rule 57T(1) declaration is not filed in the prescribed manner or within time, and no satisfactory explanation or condonation is sought. The text emphasises that a belated or incorrectly filed declaration, which also fails to disclose the date and nature of receipt of the capital goods, is not a mere technical lapse when the non-compliance is treated as deliberate. On these facts, the denial of credit and the consequential departmental demand were upheld, with no relief granted to the assessee. en-us Mon, 05 Jul 1999 00:00:00 +0530 Fri, 21 Oct 2011 16:42:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91886 Modvat credit on capital goods can be denied where the Rule 57T(1) declaration is not filed in the prescribed manner or within time, and no satisfactory explanation or condonation is sought. The text emphasises that a belated or incorrectly filed declaration, which also fails to disclose the date and nature of receipt of the capital goods, is not a mere technical lapse when the non-compliance is treated as deliberate. On these facts, the denial of credit and the consequential departmental demand were upheld, with no relief granted to the assessee. Case-Laws Central Excise Mon, 05 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91886