https://www.taxtmi.com/caselaws?id=51734 Modvat credit on capital goods was available where the machines were used partly for exempt clearances and partly for dutiable goods, because the bar under Rule 57R applied only to exclusive use for exempted manufacture. The partial use for goods cleared under Rule 57F(3) did not defeat credit. Credit also could not be denied for delay in filing the declaration when the machine's receipt was supported by a contemporaneous Goods Receipt Note, the contrary production record was insufficient to displace it, and the delay had been condoned. The associated penalty was therefore unsustainable. en-us Mon, 09 Dec 2002 00:00:00 +0530 Mon, 27 Sep 2010 18:30:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51734 Modvat credit on capital goods was available where the machines were used partly for exempt clearances and partly for dutiable goods, because the bar under Rule 57R applied only to exclusive use for exempted manufacture. The partial use for goods cleared under Rule 57F(3) did not defeat credit. Credit also could not be denied for delay in filing the declaration when the machine's receipt was supported by a contemporaneous Goods Receipt Note, the contrary production record was insufficient to displace it, and the delay had been condoned. The associated penalty was therefore unsustainable. Case-Laws Central Excise Mon, 09 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51734