https://www.taxtmi.com/caselaws?id=254925 Belated filing of the Rule 57T(1) declaration did not justify denial of Cenvat credit on capital goods where the lapse was only procedural and the Board's circulars indicated that credit should not be refused on that basis. The absence of a separate application for condonation of delay did not extinguish the substantive entitlement to credit. Since reversal of the credit was therefore unnecessary, the assessee was also entitled to refund of the amount reversed. The matter was decided in favour of the assessee. en-us Thu, 03 Apr 2014 00:00:00 +0530 Sat, 03 Jan 2015 09:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254925 Belated filing of the Rule 57T(1) declaration did not justify denial of Cenvat credit on capital goods where the lapse was only procedural and the Board's circulars indicated that credit should not be refused on that basis. The absence of a separate application for condonation of delay did not extinguish the substantive entitlement to credit. Since reversal of the credit was therefore unnecessary, the assessee was also entitled to refund of the amount reversed. The matter was decided in favour of the assessee. Case-Laws Central Excise Thu, 03 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254925