https://www.taxtmi.com/caselaws?id=94823 Modvat credit was denied because Rule 57G(5) required credit to be taken within six months from the date of the specified documents, and that limit could not be extended by relying on an unlisted warehousing challan date. The fiscal time bar was applied strictly, so the denial of credit was sustained. Personal penalty under Rule 173Q was nevertheless unwarranted because the credit was taken under a bona fide mistaken understanding of the relevant date, and no mala fides were found. The penalty was therefore set aside. en-us Wed, 12 Jan 2000 00:00:00 +0530 Mon, 05 Dec 2011 10:55:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94823 Modvat credit was denied because Rule 57G(5) required credit to be taken within six months from the date of the specified documents, and that limit could not be extended by relying on an unlisted warehousing challan date. The fiscal time bar was applied strictly, so the denial of credit was sustained. Personal penalty under Rule 173Q was nevertheless unwarranted because the credit was taken under a bona fide mistaken understanding of the relevant date, and no mala fides were found. The penalty was therefore set aside. Case-Laws Central Excise Wed, 12 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94823