https://www.taxtmi.com/caselaws?id=332872 Deemed Modvat credit on aluminium shots was considered admissible where the assessee took the credit belatedly during the relevant period. The applicable Modvat scheme under Rules 57A to 57P of the Central Excise Rules, 1944 was read to mean that no limitation period governed the taking of credit at that time, and the later six-month limit under Rule 57G applied only prospectively. Accordingly, delayed entry of the credit did not by itself make the credit inadmissible, and the limitation objection failed in favour of the assessee. en-us Fri, 23 Sep 2016 00:00:00 +0530 Fri, 16 Dec 2016 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332872 Deemed Modvat credit on aluminium shots was considered admissible where the assessee took the credit belatedly during the relevant period. The applicable Modvat scheme under Rules 57A to 57P of the Central Excise Rules, 1944 was read to mean that no limitation period governed the taking of credit at that time, and the later six-month limit under Rule 57G applied only prospectively. Accordingly, delayed entry of the credit did not by itself make the credit inadmissible, and the limitation objection failed in favour of the assessee. Case-Laws Central Excise Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332872