https://www.taxtmi.com/caselaws?id=112886 Modvat credit on capital goods was treated as inadmissible where the specific declaration under Rule 57-T was filed only after credit had already been availed. The earlier general declaration contained only tariff headings and did not identify the goods with sufficient particulars. The delay in filing the specific declaration exceeded the condonable period, and the Assistant Commissioner had no power to excuse it. The condonation letter was also issued after service of the show cause notice, and the amendment relied on by the assessee was held to be prospective and inapplicable to the disputed period. en-us Tue, 10 Feb 2004 00:00:00 +0530 Wed, 02 May 2012 13:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112886 Modvat credit on capital goods was treated as inadmissible where the specific declaration under Rule 57-T was filed only after credit had already been availed. The earlier general declaration contained only tariff headings and did not identify the goods with sufficient particulars. The delay in filing the specific declaration exceeded the condonable period, and the Assistant Commissioner had no power to excuse it. The condonation letter was also issued after service of the show cause notice, and the amendment relied on by the assessee was held to be prospective and inapplicable to the disputed period. Case-Laws Central Excise Tue, 10 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112886