https://www.taxtmi.com/caselaws?id=103929 Condonation of a 16-day delay in filing the Modvat declaration under Rule 57G, followed by acceptance of the declaration and grant of credit, regularised the earlier lapse. Once the delayed declaration was acted upon, the alleged contravention no longer survived, so the basis for penalty under Rule 173Q disappeared. The penal order was therefore unsustainable and was set aside in favour of the assessee. en-us Thu, 17 Jan 2002 00:00:00 +0530 Sat, 25 Feb 2012 11:13:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103929 Condonation of a 16-day delay in filing the Modvat declaration under Rule 57G, followed by acceptance of the declaration and grant of credit, regularised the earlier lapse. Once the delayed declaration was acted upon, the alleged contravention no longer survived, so the basis for penalty under Rule 173Q disappeared. The penal order was therefore unsustainable and was set aside in favour of the assessee. Case-Laws Central Excise Thu, 17 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103929