https://www.taxtmi.com/caselaws?id=52484 Rule 57G treated a Bill of Entry as a duty-paying document for Modvat credit, and the six-month bar applied to imported inputs as well as domestic goods. The Tribunal followed the Larger Bench view and the Board's clarification that the limitation runs from the relevant duty-payment date, so credit taken beyond that period was inadmissible. Because the credit had been wrongly availed in breach of the rule, penalty under Rule 173Q(1)(bb) was attracted. The denial of credit was upheld, and the penalty was sustained in principle but reduced having regard to the circumstances. en-us Wed, 19 Nov 2003 00:00:00 +0530 Wed, 06 Oct 2010 10:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52484 Rule 57G treated a Bill of Entry as a duty-paying document for Modvat credit, and the six-month bar applied to imported inputs as well as domestic goods. The Tribunal followed the Larger Bench view and the Board's clarification that the limitation runs from the relevant duty-payment date, so credit taken beyond that period was inadmissible. Because the credit had been wrongly availed in breach of the rule, penalty under Rule 173Q(1)(bb) was attracted. The denial of credit was upheld, and the penalty was sustained in principle but reduced having regard to the circumstances. Case-Laws Central Excise Wed, 19 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52484