https://www.taxtmi.com/caselaws?id=118740 Additional customs duty credit was admissible on a reassessed bill of entry where project import clearance was later cancelled and the goods were reassessed on merits. The relevant date for availing Modvat credit was the date of reassessment and payment of the differential duty, not the original filing date of the bill of entry. Rule 57E was inapplicable because the matter was not one of adjustment between supplier and recipient of inputs. As the bill of entry itself evidenced payment of the additional duty, no separate customs certificate was required. Denial of credit and the penalty were therefore unsustainable. en-us Tue, 12 Jul 2005 00:00:00 +0530 Thu, 05 Jul 2012 14:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118740 Additional customs duty credit was admissible on a reassessed bill of entry where project import clearance was later cancelled and the goods were reassessed on merits. The relevant date for availing Modvat credit was the date of reassessment and payment of the differential duty, not the original filing date of the bill of entry. Rule 57E was inapplicable because the matter was not one of adjustment between supplier and recipient of inputs. As the bill of entry itself evidenced payment of the additional duty, no separate customs certificate was required. Denial of credit and the penalty were therefore unsustainable. Case-Laws Central Excise Tue, 12 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118740