2002 (9) TMI 238 - AT - Central Excise

Summary

The judgment by Appellate Tribunal CEGAT, Kolkata in 2002 (9) TMI 238 states that appellants can take Modvat Credit in RG-23A Part-II register within six months of invoice issuance if goods were received within that period. Delayed credit due to bank processing is acceptable. Rule 57G(5) prohibits credit after six months, but Tribunal allows credit if goods received within time frame. Appeal allowed, Modvat credit of Rs 1203.00 allowed under Rule 57A or 57Q, despite incorrect quoting of rule. Impugned Order set aside, appeal granted to appellants.