https://www.taxtmi.com/caselaws?id=50360 Modvat credit could not be denied where inputs were actually received and used, and the delay in RG 23A entries resulted from reconciliation of misdirected consignments with supporting duty documents. The procedural lapse did not justify disallowance when receipt and use were undisputed. The later amendment to Rule 57G could not operate retrospectively to withdraw credit already validly availed before its commencement. The disallowance of credit and penalty were accordingly set aside, with consequential relief. en-us Thu, 21 Sep 2000 00:00:00 +0530 Sat, 21 Aug 2010 12:47:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50360 Modvat credit could not be denied where inputs were actually received and used, and the delay in RG 23A entries resulted from reconciliation of misdirected consignments with supporting duty documents. The procedural lapse did not justify disallowance when receipt and use were undisputed. The later amendment to Rule 57G could not operate retrospectively to withdraw credit already validly availed before its commencement. The disallowance of credit and penalty were accordingly set aside, with consequential relief. Case-Laws Central Excise Thu, 21 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50360