https://www.taxtmi.com/caselaws?id=100085 Short delays in filing Modvat declarations under Rules 57G and 57T may be condoned where the delay is explained by holidays, Sundays, or late receipt of records, and the authority has not exercised discretion judiciously; the declarations were therefore directed for reconsideration. Modvat credit on capital goods cannot be denied merely because an intermediate product emerges during manufacture, but entitlement still depends on the applicable statutory exclusion for woven fabrics and on the facts of use. The plea that the capital goods were not used exclusively for the Chapter 54 product, and the marketability of the intermediate product, required fresh examination on remand. en-us Sat, 19 May 2001 00:00:00 +0530 Tue, 31 Jan 2012 11:52:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100085 Short delays in filing Modvat declarations under Rules 57G and 57T may be condoned where the delay is explained by holidays, Sundays, or late receipt of records, and the authority has not exercised discretion judiciously; the declarations were therefore directed for reconsideration. Modvat credit on capital goods cannot be denied merely because an intermediate product emerges during manufacture, but entitlement still depends on the applicable statutory exclusion for woven fabrics and on the facts of use. The plea that the capital goods were not used exclusively for the Chapter 54 product, and the marketability of the intermediate product, required fresh examination on remand. Case-Laws Central Excise Sat, 19 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100085