https://www.taxtmi.com/caselaws?id=114919 Modvat credit could not be denied merely because inputs returned from job workers were received after the prescribed 60 days, where the assessee had sought extension and the competent authority had not passed any reasoned order on that request. The rule empowered the Assistant Commissioner to extend time, so the authority was expected to decide the application before fastening duty liability. The delay was treated as procedural and, by itself, insufficient to defeat credit, especially where the provision was meant to prevent double taxation. Denial of credit was therefore unjustified on the stated facts. en-us Wed, 29 Dec 2004 00:00:00 +0530 Tue, 22 May 2012 12:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114919 Modvat credit could not be denied merely because inputs returned from job workers were received after the prescribed 60 days, where the assessee had sought extension and the competent authority had not passed any reasoned order on that request. The rule empowered the Assistant Commissioner to extend time, so the authority was expected to decide the application before fastening duty liability. The delay was treated as procedural and, by itself, insufficient to defeat credit, especially where the provision was meant to prevent double taxation. Denial of credit was therefore unjustified on the stated facts. Case-Laws Central Excise Wed, 29 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114919