https://www.taxtmi.com/caselaws?id=121100 Modvat/Cenvat credit taken under the Cenvat Credit Rules, 2001 was admissible because those rules did not prescribe any time limit for availment, and the only operative condition was that credit be taken after receipt of inputs in the factory. Credit could not be denied merely because the bills of entry were older, where the inputs had already been received and the credit was taken soon thereafter. The disallowance based on the six-month limit in Rule 57G(5) of the Central Excise Rules, 1944 was unsustainable, and the denial of credit was set aside. en-us Wed, 03 Jan 2007 00:00:00 +0530 Thu, 26 Jul 2012 15:51:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121100 Modvat/Cenvat credit taken under the Cenvat Credit Rules, 2001 was admissible because those rules did not prescribe any time limit for availment, and the only operative condition was that credit be taken after receipt of inputs in the factory. Credit could not be denied merely because the bills of entry were older, where the inputs had already been received and the credit was taken soon thereafter. The disallowance based on the six-month limit in Rule 57G(5) of the Central Excise Rules, 1944 was unsustainable, and the denial of credit was set aside. Case-Laws Central Excise Wed, 03 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121100