https://www.taxtmi.com/caselaws?id=50478 Rule 57G on Modvat credit is analysed on the basis that credit under the prescribed document becomes relevant only when imported inputs are actually cleared from the custodian and received in the factory. The six-month limitation under Rule 57G(5) is construed harmoniously with Rule 57G(3), so the operative date for computing time is the date of clearance of the goods, not the date of payment of duty on the Bill of Entry. On that reasoning, the credit was treated as admissible and the denial of credit as unsustainable. en-us Mon, 12 Feb 2001 00:00:00 +0530 Mon, 23 Aug 2010 10:15:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50478 Rule 57G on Modvat credit is analysed on the basis that credit under the prescribed document becomes relevant only when imported inputs are actually cleared from the custodian and received in the factory. The six-month limitation under Rule 57G(5) is construed harmoniously with Rule 57G(3), so the operative date for computing time is the date of clearance of the goods, not the date of payment of duty on the Bill of Entry. On that reasoning, the credit was treated as admissible and the denial of credit as unsustainable. Case-Laws Central Excise Mon, 12 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50478