9911796707
TMI Blog1998 (7) TMI 398X X X X Extracts X X X X X X X X Extracts X X X X ..... he Modvat credit of the CV duty paid. The rate of the CV duty initially was shown as 20% which was later corrected on the original and duplicate copies of the bill of entry as 30% and the duty was calculated and paid accordingly. On the triplicate copy however these corrections were not incorporated. Therefore although the duty was paid at the rate of 30% the credit taken by the assessee was a sum ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e taken did not disentitle the assessee from taken additional credit. He held that the right conferred on the assessee to avail the credit could not be taken away when the claim was duly supported by duty paying documents. Against this finding of the Commissioner, the Revenue have filed this appeal. 2. Shri Y.R. Kilania, learned DR submits that the cited judgement dealt with the issue of deemed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y applied. 3. I have carefully considered the rival claims made. 4. The provision that credit has to be taken within six months of the date of eligible documents was incorporated in the Act only from 29-6-1995. The credit on the Bill of Entry was taken earlier. However, the amount of credit taken was less than what was permissible. When the assessee took credit later of the differential amount ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orted by a valid document. The judgement lays down a principle which is of application in similar cases, even if the cases fall under other rules. 6. In this case it has to be held that when the initial credit taken was within the prescribed period, the additional or differential credit being taken later (even wherein doing so the assessee had crossed the limit specified in the condition), the b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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