https://www.taxtmi.com/caselaws?id=97949 Modvat credit was held admissible where the declaration was filed after receipt of the capital goods but before credit was taken, and the goods' duty-paid receipt in the factory was not disputed. The absence of a separate condonation application under Rule 57T(1) was treated as a technical lapse, especially since the department had raised no objection when the declaration was filed and Board circulars discouraged denial of credit on purely technical grounds. Credit was therefore allowed for the goods covered by the relevant invoice, while the debit already upheld remained unchanged. en-us Wed, 04 Jul 2001 00:00:00 +0530 Wed, 18 Jan 2012 16:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97949 Modvat credit was held admissible where the declaration was filed after receipt of the capital goods but before credit was taken, and the goods' duty-paid receipt in the factory was not disputed. The absence of a separate condonation application under Rule 57T(1) was treated as a technical lapse, especially since the department had raised no objection when the declaration was filed and Board circulars discouraged denial of credit on purely technical grounds. Credit was therefore allowed for the goods covered by the relevant invoice, while the debit already upheld remained unchanged. Case-Laws Central Excise Wed, 04 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97949