https://www.taxtmi.com/caselaws?id=115468 Modvat credit on furnace oil was held to be governed by the six-month limit in Rule 57G(5), calculated from the date of the duty-paying invoices. Credit taken after that period was treated as time-barred. The RG 23A Part I entry was only a record of receipt of inputs and did not amount to availment of credit, which required a Part II entry. Departmental permission did not create a statutory embargo or defer the commencement of limitation. The precedents relied on were distinguished on facts and found inapplicable, and the time-bar objection was sustained. en-us Wed, 01 Jun 2005 00:00:00 +0530 Tue, 29 May 2012 18:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115468 Modvat credit on furnace oil was held to be governed by the six-month limit in Rule 57G(5), calculated from the date of the duty-paying invoices. Credit taken after that period was treated as time-barred. The RG 23A Part I entry was only a record of receipt of inputs and did not amount to availment of credit, which required a Part II entry. Departmental permission did not create a statutory embargo or defer the commencement of limitation. The precedents relied on were distinguished on facts and found inapplicable, and the time-bar objection was sustained. Case-Laws Central Excise Wed, 01 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115468