https://www.taxtmi.com/caselaws?id=92651 Rule 57T(1) permitted condonation of delay in filing Modvat declarations for capital goods on sufficient cause, subject to the prescribed outer limit. The assessee's explanation that credit for woollen yarn capital goods became available only after the relevant notification, and that filings followed receipt of that information, was accepted as credible. Most declarations were filed within three months of receipt of the goods, and the material did not support the view that the facility was already being availed. Credit was therefore admissible for declarations within the condonable period, but remained unavailable for declarations filed beyond the maximum condonable period. en-us Tue, 21 Jul 1998 00:00:00 +0530 Fri, 04 Nov 2011 11:53:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92651 Rule 57T(1) permitted condonation of delay in filing Modvat declarations for capital goods on sufficient cause, subject to the prescribed outer limit. The assessee's explanation that credit for woollen yarn capital goods became available only after the relevant notification, and that filings followed receipt of that information, was accepted as credible. Most declarations were filed within three months of receipt of the goods, and the material did not support the view that the facility was already being availed. Credit was therefore admissible for declarations within the condonable period, but remained unavailable for declarations filed beyond the maximum condonable period. Case-Laws Central Excise Tue, 21 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92651