https://www.taxtmi.com/caselaws?id=92002 Rule 57T required a declaration for Modvat credit on capital goods to be filed within the prescribed time, and condonation was available only up to the limited period set by the rule. A declaration filed after the outer time limit could not be validated by later commencement of production or by obtaining registration later, because those facts did not extend the statutory filing period. The result was that delayed filing beyond the maximum condonable period rendered the assessee ineligible for Modvat credit on the capital goods covered by that declaration. en-us Wed, 06 Aug 1997 00:00:00 +0530 Sat, 22 Oct 2011 14:31:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92002 Rule 57T required a declaration for Modvat credit on capital goods to be filed within the prescribed time, and condonation was available only up to the limited period set by the rule. A declaration filed after the outer time limit could not be validated by later commencement of production or by obtaining registration later, because those facts did not extend the statutory filing period. The result was that delayed filing beyond the maximum condonable period rendered the assessee ineligible for Modvat credit on the capital goods covered by that declaration. Case-Laws Central Excise Wed, 06 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92002