https://www.taxtmi.com/caselaws?id=152421 Transitional Cenvat credit under Rule 9A could not be denied merely because the declaration of stock of inputs was filed late, where the assessee held duty-paid documents and the substantive conditions for the credit were otherwise satisfied. The provision was treated as a transitional measure linked to the levy of excise duty on grey fabrics, and belated filing did not defeat entitlement to credit on these facts. Non-compliance with the prescribed time limit could, however, attract penal consequences. Credit denial was therefore set aside, the penalty was reduced, and the consequential order based on utilisation of the denied credit was also set aside. en-us Thu, 17 Dec 2009 00:00:00 +0530 Wed, 03 Jul 2013 12:08:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152421 Transitional Cenvat credit under Rule 9A could not be denied merely because the declaration of stock of inputs was filed late, where the assessee held duty-paid documents and the substantive conditions for the credit were otherwise satisfied. The provision was treated as a transitional measure linked to the levy of excise duty on grey fabrics, and belated filing did not defeat entitlement to credit on these facts. Non-compliance with the prescribed time limit could, however, attract penal consequences. Credit denial was therefore set aside, the penalty was reduced, and the consequential order based on utilisation of the denied credit was also set aside. Case-Laws Central Excise Thu, 17 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152421