https://www.taxtmi.com/caselaws?id=50706 Modvat credit could not be denied merely because inputs sent to job workers were received back after 60 days and the extension request was filed after that period, since the rule did not expressly require a pre-expiry application. Where the substantive conditions for Modvat credit were otherwise satisfied, denial of credit and penalty for this procedural lapse was unwarranted. The issue was therefore decided in favour of the assessee. en-us Mon, 09 Jul 2001 00:00:00 +0530 Wed, 25 Aug 2010 15:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50706 Modvat credit could not be denied merely because inputs sent to job workers were received back after 60 days and the extension request was filed after that period, since the rule did not expressly require a pre-expiry application. Where the substantive conditions for Modvat credit were otherwise satisfied, denial of credit and penalty for this procedural lapse was unwarranted. The issue was therefore decided in favour of the assessee. Case-Laws Central Excise Mon, 09 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50706