https://www.taxtmi.com/caselaws?id=80227 The Tribunal allowed the appeal, setting aside the order directing credit reversal and penalty imposition under the Central Excise Rules. It held that the appellants were entitled to avail MODVAT credit despite inputs not being in stock on the specified date, emphasizing the importance of following proper procedures for challenging official findings. The Tribunal highlighted the applicability of Rule 57G and the timing of filing declarations for MODVAT credit, ultimately ruling in favor of the appellants based on the interpretation of the rules and the sequence of events. en-us Mon, 22 May 1989 00:00:00 +0530 Wed, 15 Jun 2011 15:37:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80227 The Tribunal allowed the appeal, setting aside the order directing credit reversal and penalty imposition under the Central Excise Rules. It held that the appellants were entitled to avail MODVAT credit despite inputs not being in stock on the specified date, emphasizing the importance of following proper procedures for challenging official findings. The Tribunal highlighted the applicability of Rule 57G and the timing of filing declarations for MODVAT credit, ultimately ruling in favor of the appellants based on the interpretation of the rules and the sequence of events. Case-Laws Central Excise Mon, 22 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80227