https://www.taxtmi.com/caselaws?id=114614 A fresh Modvat declaration operates prospectively from its filing date unless it lawfully reopens an earlier rejected claim. Here, the declaration dated 7-7-1992 was filed as a new declaration and expressly left the earlier period to refund claims, while the prior claim for 1987 to 1992 had already been rejected and that rejection was confirmed. The later order permitting credit on felts and wires applied only from the date of the fresh declaration and did not revive the closed period. Credit taken suo motu for the earlier period was therefore irregular and not admissible. en-us Mon, 06 Sep 2004 00:00:00 +0530 Fri, 18 May 2012 14:14:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114614 A fresh Modvat declaration operates prospectively from its filing date unless it lawfully reopens an earlier rejected claim. Here, the declaration dated 7-7-1992 was filed as a new declaration and expressly left the earlier period to refund claims, while the prior claim for 1987 to 1992 had already been rejected and that rejection was confirmed. The later order permitting credit on felts and wires applied only from the date of the fresh declaration and did not revive the closed period. Credit taken suo motu for the earlier period was therefore irregular and not admissible. Case-Laws Central Excise Mon, 06 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114614