https://www.taxtmi.com/caselaws?id=32578 Rule 57T requires a manufacturer seeking Modvat credit on capital goods to file a declaration with the excise authority, ordinarily before receipt of the goods, but it also permits delayed filing within the prescribed extended period on sufficient cause. The relevant time for compliance is linked to an existing registered factory; a unit not yet registered cannot be treated as already in existence for computing the filing period. On the stated facts, the factory was taken to come into existence on the date of registration, the declaration was treated as filed within the extended period, and Modvat credit could not be denied on limitation. en-us Mon, 15 Sep 2008 00:00:00 +0530 Sat, 14 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32578 Rule 57T requires a manufacturer seeking Modvat credit on capital goods to file a declaration with the excise authority, ordinarily before receipt of the goods, but it also permits delayed filing within the prescribed extended period on sufficient cause. The relevant time for compliance is linked to an existing registered factory; a unit not yet registered cannot be treated as already in existence for computing the filing period. On the stated facts, the factory was taken to come into existence on the date of registration, the declaration was treated as filed within the extended period, and Modvat credit could not be denied on limitation. Case-Laws Central Excise Mon, 15 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32578