https://www.taxtmi.com/caselaws?id=2673 Modvat credit under Rule 57G of the Central Excise Rules, 1944 was treated as barred where taken beyond six months from the date of issue of the supporting document. The analysis states that the amended rule created a clear time limit, so credit claimed in February 2000 on invoices issued before 7 March 1995 was time-barred. An earlier decision cited by the assessee was found unhelpful because the accepted position recognised six months as the permissible period for availing credit. The credit was therefore disallowed, and the requirement to reverse or pay the amount with penalty was sustained. en-us Wed, 25 Jul 2007 00:00:00 +0530 Wed, 16 Apr 2008 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2673 Modvat credit under Rule 57G of the Central Excise Rules, 1944 was treated as barred where taken beyond six months from the date of issue of the supporting document. The analysis states that the amended rule created a clear time limit, so credit claimed in February 2000 on invoices issued before 7 March 1995 was time-barred. An earlier decision cited by the assessee was found unhelpful because the accepted position recognised six months as the permissible period for availing credit. The credit was therefore disallowed, and the requirement to reverse or pay the amount with penalty was sustained. Case-Laws Central Excise Wed, 25 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2673