https://www.taxtmi.com/caselaws?id=92831 Rule 57J, being a non obstante provision, prevailed over the sixty-day receipt condition and extension requirement under Rule 57F(4), so Modvat credit could not be denied where the assessee had operated under the Rule 57J job-work procedure and the substantive conditions were met. The denial of credit was therefore unsustainable and credit was restored. Because any lapse was only procedural and the credit claim itself was valid, penalty was also not warranted. The penalty was set aside and consequential relief followed. en-us Fri, 26 Nov 1999 00:00:00 +0530 Sat, 05 Nov 2011 13:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92831 Rule 57J, being a non obstante provision, prevailed over the sixty-day receipt condition and extension requirement under Rule 57F(4), so Modvat credit could not be denied where the assessee had operated under the Rule 57J job-work procedure and the substantive conditions were met. The denial of credit was therefore unsustainable and credit was restored. Because any lapse was only procedural and the credit claim itself was valid, penalty was also not warranted. The penalty was set aside and consequential relief followed. Case-Laws Central Excise Fri, 26 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92831