https://www.taxtmi.com/caselaws?id=93225 Belated filing of a Rule 57G declaration did not justify Modvat credit where the condonation request gave no reasons. Rule 57G(5) required the Assistant Collector to record reasons in writing before condoning delay, so the power could not be exercised in the absence of any stated basis for indulgence. The filing requirement was treated as mandatory, and the omission to disclose reasons supported refusal of condonation. As a result, the delay was not condoned and the disallowance of Modvat credit was upheld against the assessee. en-us Thu, 23 Dec 1999 00:00:00 +0530 Wed, 09 Nov 2011 11:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93225 Belated filing of a Rule 57G declaration did not justify Modvat credit where the condonation request gave no reasons. Rule 57G(5) required the Assistant Collector to record reasons in writing before condoning delay, so the power could not be exercised in the absence of any stated basis for indulgence. The filing requirement was treated as mandatory, and the omission to disclose reasons supported refusal of condonation. As a result, the delay was not condoned and the disallowance of Modvat credit was upheld against the assessee. Case-Laws Central Excise Thu, 23 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93225