https://www.taxtmi.com/caselaws?id=74942 A declaration under Rule 57G was treated as sufficient for MODVAT purposes where it identified steel waste and scrap as the input and specified the finished products in which it would be used. The form's function is to enable verification of the input and the covered final goods, so a narrow reading was rejected when the essential particulars were already disclosed. The reference to deemed credit on market purchases did not invalidate the declaration. Accordingly, where the same declared input was later received under duty-paid gate passes, MODVAT credit was admissible and disallowance was unjustified. en-us Mon, 03 Jul 1989 00:00:00 +0530 Mon, 13 Jun 2011 15:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74942 A declaration under Rule 57G was treated as sufficient for MODVAT purposes where it identified steel waste and scrap as the input and specified the finished products in which it would be used. The form's function is to enable verification of the input and the covered final goods, so a narrow reading was rejected when the essential particulars were already disclosed. The reference to deemed credit on market purchases did not invalidate the declaration. Accordingly, where the same declared input was later received under duty-paid gate passes, MODVAT credit was admissible and disallowance was unjustified. Case-Laws Central Excise Mon, 03 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74942