https://www.taxtmi.com/caselaws?id=114075 Filing a declaration under the Modvat scheme was treated as a substantive statutory condition, and credit taken before compliance could not be sustained where the declaration was filed only after an inordinate delay of about three years. The prolonged lapse was viewed as showing indifference to the prescribed procedure, and no legal basis was found to condone the delay. The Modvat credit was therefore denied. en-us Fri, 13 Aug 2004 00:00:00 +0530 Fri, 11 May 2012 10:11:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114075 Filing a declaration under the Modvat scheme was treated as a substantive statutory condition, and credit taken before compliance could not be sustained where the declaration was filed only after an inordinate delay of about three years. The prolonged lapse was viewed as showing indifference to the prescribed procedure, and no legal basis was found to condone the delay. The Modvat credit was therefore denied. Case-Laws Central Excise Fri, 13 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114075