https://www.taxtmi.com/caselaws?id=47562 Rule 57G(5) of the Central Excise Rules, 1944 imposed a six-month period for taking Modvat credit, and that limit was upheld as a valid part of the input-credit scheme. The court reasoned that the manufacturer had to identify duty-paid inputs and claim credit in the prescribed manner, while the omission of a general condonation power was deliberate and consistent with the statutory design. Rules 57G(9) and 57G(10) reinforced this discipline by linking delayed declaration relief to receipt of inputs within the stipulated period. Credit taken beyond six months was therefore not allowable. en-us Fri, 11 Mar 2005 00:00:00 +0530 Thu, 29 Jul 2010 14:07:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47562 Rule 57G(5) of the Central Excise Rules, 1944 imposed a six-month period for taking Modvat credit, and that limit was upheld as a valid part of the input-credit scheme. The court reasoned that the manufacturer had to identify duty-paid inputs and claim credit in the prescribed manner, while the omission of a general condonation power was deliberate and consistent with the statutory design. Rules 57G(9) and 57G(10) reinforced this discipline by linking delayed declaration relief to receipt of inputs within the stipulated period. Credit taken beyond six months was therefore not allowable. Case-Laws Central Excise Fri, 11 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47562