Court Clarifies 180-Day Rule for MODVAT Credit: Flexibility in Receiving Inputs for Cenvat/MODVAT Credit Interpretation.

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....Cenvat / MODVAT Credit - All this would indicate as to how the makers and framers of the Rule did not intend to deny MODVAT credit simply because the inputs were not received after processing or job work within 180 days. The period of 180 days cannot be held to be mandatory. - HC....