https://www.taxtmi.com/caselaws?id=183169 MODVAT credit under Rule 57G had to be taken within the prescribed six-month period from return of the Bill of Entry, and a subsequent notification curing documentary defects did not extend that statutory time limit. Credit availed beyond that period was therefore inadmissible, and the demand with interest was sustained. On penalty under Rule 173Q, the earlier favourable view in the assessee's own case and the later emergence of the contrary Larger Bench position meant the penal consequence was not justified, so the penalty was set aside. en-us Wed, 15 Sep 2010 00:00:00 +0530 Fri, 21 Oct 2016 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183169 MODVAT credit under Rule 57G had to be taken within the prescribed six-month period from return of the Bill of Entry, and a subsequent notification curing documentary defects did not extend that statutory time limit. Credit availed beyond that period was therefore inadmissible, and the demand with interest was sustained. On penalty under Rule 173Q, the earlier favourable view in the assessee's own case and the later emergence of the contrary Larger Bench position meant the penal consequence was not justified, so the penalty was set aside. Case-Laws Central Excise Wed, 15 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183169