https://www.taxtmi.com/caselaws?id=2969 Cenvat credit on duty-paid inputs used in manufacture cannot be denied on purely technical grounds where no upper time-limit for availment was prescribed and transitional provisions protected accrued credit; delayed filing of bills of entry was therefore not a valid basis for rejection. Credit was also not barred merely because the duty payment arose in settlement proceedings, absent any proved finding of fraud, collusion, wilful misstatement or suppression of facts. An objection of non-maintenance of records likewise failed where statutory records were dispensed with and private or contemporaneous records existed. The denial of Modvat/Cenvat credit and connected penalties was set aside. en-us Tue, 20 Nov 2007 00:00:00 +0530 Wed, 16 Apr 2008 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2969 Cenvat credit on duty-paid inputs used in manufacture cannot be denied on purely technical grounds where no upper time-limit for availment was prescribed and transitional provisions protected accrued credit; delayed filing of bills of entry was therefore not a valid basis for rejection. Credit was also not barred merely because the duty payment arose in settlement proceedings, absent any proved finding of fraud, collusion, wilful misstatement or suppression of facts. An objection of non-maintenance of records likewise failed where statutory records were dispensed with and private or contemporaneous records existed. The denial of Modvat/Cenvat credit and connected penalties was set aside. Case-Laws Central Excise Tue, 20 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2969