https://www.taxtmi.com/caselaws?id=100300 Rule 57E of the Central Excise Rules, 1944 was treated as containing no prescribed time limit for variation of Modvat credit, so the department could not reject the claim merely on the basis of delay. The Tribunal applied the Supreme Court's reasoning on a similar no-limitation provision under Rule 57-I and held that, where the rule itself imposes no temporal restriction, the doctrine of reasonable time cannot be used to defeat the credit adjustment. On that basis, variation of Modvat credit was held admissible and the disallowance was set aside in favour of the assessee. en-us Fri, 21 Sep 2001 00:00:00 +0530 Sun, 22 Jun 2025 08:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100300 Rule 57E of the Central Excise Rules, 1944 was treated as containing no prescribed time limit for variation of Modvat credit, so the department could not reject the claim merely on the basis of delay. The Tribunal applied the Supreme Court's reasoning on a similar no-limitation provision under Rule 57-I and held that, where the rule itself imposes no temporal restriction, the doctrine of reasonable time cannot be used to defeat the credit adjustment. On that basis, variation of Modvat credit was held admissible and the disallowance was set aside in favour of the assessee. Case-Laws Central Excise Fri, 21 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100300