https://www.taxtmi.com/caselaws?id=49813 Modvat credit on capital goods was treated as admissible where the Rule 57T declaration was filed after first receipt of the goods but within the period reckoned from the date the premises became a factory and manufacture commenced. The relevant filing period was computed by reference to the factory's coming into existence for manufacturing purposes, not mechanically from the first receipt of capital goods. The declaration, filed after registration and commencement of production, was accepted as validly within time, and the delay was condoned. The analysis relied on the definition of factory under the Central Excise Act and earlier Tribunal decisions supporting this construction. en-us Wed, 14 Jun 2000 00:00:00 +0530 Tue, 17 Aug 2010 16:09:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49813 Modvat credit on capital goods was treated as admissible where the Rule 57T declaration was filed after first receipt of the goods but within the period reckoned from the date the premises became a factory and manufacture commenced. The relevant filing period was computed by reference to the factory's coming into existence for manufacturing purposes, not mechanically from the first receipt of capital goods. The declaration, filed after registration and commencement of production, was accepted as validly within time, and the delay was condoned. The analysis relied on the definition of factory under the Central Excise Act and earlier Tribunal decisions supporting this construction. Case-Laws Central Excise Wed, 14 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49813