https://www.taxtmi.com/caselaws?id=126093 Modvat credit on imported inputs was examined against the six-month limit under Rule 57G(5) of the Central Excise Rules, 1944, with the bill of entry treated as the relevant duty-paying document under the Customs Act scheme. The majority view applied the time limit to imported goods and held that credit taken beyond the prescribed period could not be sustained on the facts found. A concurring dissent considered receipt of inputs and timely RG-23A Part-I entry sufficient, treating later documentation as procedural. The majority also set aside the penalty because the legal position had been unsettled during the relevant period. en-us Thu, 19 Mar 2009 00:00:00 +0530 Fri, 22 Sep 2017 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126093 Modvat credit on imported inputs was examined against the six-month limit under Rule 57G(5) of the Central Excise Rules, 1944, with the bill of entry treated as the relevant duty-paying document under the Customs Act scheme. The majority view applied the time limit to imported goods and held that credit taken beyond the prescribed period could not be sustained on the facts found. A concurring dissent considered receipt of inputs and timely RG-23A Part-I entry sufficient, treating later documentation as procedural. The majority also set aside the penalty because the legal position had been unsettled during the relevant period. Case-Laws Central Excise Thu, 19 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126093