https://www.taxtmi.com/caselaws?id=168178 The Tribunal ruled in favor of M/s. Blue Mountain Treads Pvt. Ltd. and M/s. Precious Equipments, allowing them to take Modvat credit on inputs despite the fraudulent evasion of duty by their suppliers. The denial of credit based on delayed filing of Modvat declaration was deemed invalid for periods before 01.03.1997. The Tribunal emphasized that the payment of differential duty by the input-supplier was irrelevant before this date and that delayed filing alone could not justify denying Modvat credit. The Department's appeals were dismissed, affirming the decision to grant Modvat credit to the companies. en-us Mon, 11 Apr 2005 00:00:00 +0530 Wed, 28 Jan 2015 10:30:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168178 The Tribunal ruled in favor of M/s. Blue Mountain Treads Pvt. Ltd. and M/s. Precious Equipments, allowing them to take Modvat credit on inputs despite the fraudulent evasion of duty by their suppliers. The denial of credit based on delayed filing of Modvat declaration was deemed invalid for periods before 01.03.1997. The Tribunal emphasized that the payment of differential duty by the input-supplier was irrelevant before this date and that delayed filing alone could not justify denying Modvat credit. The Department's appeals were dismissed, affirming the decision to grant Modvat credit to the companies. Case-Laws Central Excise Mon, 11 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168178