https://www.taxtmi.com/caselaws?id=114363 The court upheld the decision of the Commissioner (Appeals) allowing the manufacturing company's appeal regarding the disallowed Modvat credit taken beyond the prescribed time limit. The judge found that despite the delay in part of the credit, the company had substantially complied with the rules by properly accounting for the inputs. Emphasizing the importance of substantial compliance, the court rejected the Revenue's appeal, ruling in favor of the manufacturing company. en-us Fri, 23 Jul 2004 00:00:00 +0530 Tue, 15 May 2012 10:15:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114363 The court upheld the decision of the Commissioner (Appeals) allowing the manufacturing company's appeal regarding the disallowed Modvat credit taken beyond the prescribed time limit. The judge found that despite the delay in part of the credit, the company had substantially complied with the rules by properly accounting for the inputs. Emphasizing the importance of substantial compliance, the court rejected the Revenue's appeal, ruling in favor of the manufacturing company. Case-Laws Central Excise Fri, 23 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114363