https://www.taxtmi.com/caselaws?id=288591 Modvat credit could not be denied merely because the Rule 57G declaration was filed after receipt of the inputs or because the credit was taken later, since the rules did not require prior receipt of inputs after declaration and eligibility was otherwise established on duty-paid records. The Tribunal also held that the claim was not barred by limitation because the credit was availed within a reasonable time after the duty position was settled. The assessee was therefore entitled to the credit, and the impugned order was set aside with consequential relief. en-us Mon, 28 Mar 1994 00:00:00 +0530 Thu, 18 Jun 2020 11:43:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288591 Modvat credit could not be denied merely because the Rule 57G declaration was filed after receipt of the inputs or because the credit was taken later, since the rules did not require prior receipt of inputs after declaration and eligibility was otherwise established on duty-paid records. The Tribunal also held that the claim was not barred by limitation because the credit was availed within a reasonable time after the duty position was settled. The assessee was therefore entitled to the credit, and the impugned order was set aside with consequential relief. Case-Laws Income Tax Mon, 28 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288591