https://www.taxtmi.com/caselaws?id=109890 Modvat credit could not be denied where the assessee first entered the credit in RG 23A, Part-I within six months of the input document, even if the formal accounting entry was made later. The operative question was whether credit was first taken within the prescribed period; timely initial entry satisfied the requirement, and later corrective steps were only procedural. The Board circular and prior Tribunal view treated the bar as applying to initiation of credit beyond six months, not to completion of subsequent formalities after a timely entry. Substantive compliance under Rule 57G(2A) was therefore accepted, and the denial of credit was held unsustainable. en-us Fri, 20 Jun 2003 00:00:00 +0530 Thu, 12 Apr 2012 16:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109890 Modvat credit could not be denied where the assessee first entered the credit in RG 23A, Part-I within six months of the input document, even if the formal accounting entry was made later. The operative question was whether credit was first taken within the prescribed period; timely initial entry satisfied the requirement, and later corrective steps were only procedural. The Board circular and prior Tribunal view treated the bar as applying to initiation of credit beyond six months, not to completion of subsequent formalities after a timely entry. Substantive compliance under Rule 57G(2A) was therefore accepted, and the denial of credit was held unsustainable. Case-Laws Central Excise Fri, 20 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109890