https://www.taxtmi.com/caselaws?id=80172 The Modvat scheme is a beneficial credit mechanism, and Rule 57F(2) serves a procedural revenue-control function for sending inputs outside the factory for further processing. Prior permission is required under the rule, but its absence does not by itself defeat credit where the declaration was filed, the goods and final products were covered by the notification, and records can verify receipt back and actual use in the declared end-product. The lapse was treated as genuine, and the matter was remanded for de novo examination of substantial compliance and utilisation of the inputs. en-us Thu, 14 Sep 1989 00:00:00 +0530 Wed, 15 Jun 2011 12:00:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80172 The Modvat scheme is a beneficial credit mechanism, and Rule 57F(2) serves a procedural revenue-control function for sending inputs outside the factory for further processing. Prior permission is required under the rule, but its absence does not by itself defeat credit where the declaration was filed, the goods and final products were covered by the notification, and records can verify receipt back and actual use in the declared end-product. The lapse was treated as genuine, and the matter was remanded for de novo examination of substantial compliance and utilisation of the inputs. Case-Laws Central Excise Thu, 14 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80172