https://www.taxtmi.com/caselaws?id=109247 Modvat credit on capital goods was not to be denied merely because it was taken more than six months after the invoice date. The Tribunal noted that, for the period in question, there was no express statutory time-limit governing availing of such credit on capital goods, and departmental instructions supported the permissibility of the claim. The Revenue's attempt to rely on a six-month limitation was rejected as inconsistent with the underlying legal position, and the credit was therefore allowed. en-us Tue, 25 Feb 2003 00:00:00 +0530 Fri, 06 Apr 2012 18:25:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109247 Modvat credit on capital goods was not to be denied merely because it was taken more than six months after the invoice date. The Tribunal noted that, for the period in question, there was no express statutory time-limit governing availing of such credit on capital goods, and departmental instructions supported the permissibility of the claim. The Revenue's attempt to rely on a six-month limitation was rejected as inconsistent with the underlying legal position, and the credit was therefore allowed. Case-Laws Central Excise Tue, 25 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109247