https://www.taxtmi.com/caselaws?id=51004 Modvat credit on duty paid through a post bill of entry was held within limitation because the relevant duty paying document arose only when the additional duty was actually paid, not on the date of the original bill of entry. On that basis, the six-month time bar under Rule 57G did not defeat the credit and denial of Modvat credit was unsustainable. Penalty was also found unwarranted, as the credit had been taken under a bona fide understanding of law and the record did not show contumacious conduct. The assessee therefore obtained relief on both the credit and penalty issues. en-us Tue, 07 Aug 2001 00:00:00 +0530 Tue, 21 Sep 2010 12:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51004 Modvat credit on duty paid through a post bill of entry was held within limitation because the relevant duty paying document arose only when the additional duty was actually paid, not on the date of the original bill of entry. On that basis, the six-month time bar under Rule 57G did not defeat the credit and denial of Modvat credit was unsustainable. Penalty was also found unwarranted, as the credit had been taken under a bona fide understanding of law and the record did not show contumacious conduct. The assessee therefore obtained relief on both the credit and penalty issues. Case-Laws Central Excise Tue, 07 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51004