https://www.taxtmi.com/caselaws?id=50092 Modvat credit on furnace oil was held unavailable where, on the date of the credit application, the input was not lying in stock and had not been received in the factory in the manner required after the declaration under Rule 57G. The statutory condition in Rule 57H(1B) was therefore not satisfied, so credit could not be claimed on that basis. The claim also failed on limitation because credit was sought beyond six months from the date of the modvatable documents, as recognised in the Larger Bench decision relied upon. The disallowance of credit was thus upheld. en-us Fri, 24 Nov 2000 00:00:00 +0530 Thu, 19 Aug 2010 16:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50092 Modvat credit on furnace oil was held unavailable where, on the date of the credit application, the input was not lying in stock and had not been received in the factory in the manner required after the declaration under Rule 57G. The statutory condition in Rule 57H(1B) was therefore not satisfied, so credit could not be claimed on that basis. The claim also failed on limitation because credit was sought beyond six months from the date of the modvatable documents, as recognised in the Larger Bench decision relied upon. The disallowance of credit was thus upheld. Case-Laws Central Excise Fri, 24 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50092