https://www.taxtmi.com/caselaws?id=82988 Modvat credit was admissible where duty-paid inputs were sent to a job-worker for conversion into an intermediate product and the intermediate product was then used in the manufacture of the final dutiable goods. Advance declarations, departmental intimation, permission for direct movement under Rule 57F(2), and proper accounting through prescribed records showed substantive compliance. Credit could not be denied merely because the intermediate product was marketable or because of procedural deviation, and the demand, penalty, and withdrawal of permission were not sustainable. en-us Wed, 07 Apr 1993 00:00:00 +0530 Fri, 08 Jul 2011 17:33:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82988 Modvat credit was admissible where duty-paid inputs were sent to a job-worker for conversion into an intermediate product and the intermediate product was then used in the manufacture of the final dutiable goods. Advance declarations, departmental intimation, permission for direct movement under Rule 57F(2), and proper accounting through prescribed records showed substantive compliance. Credit could not be denied merely because the intermediate product was marketable or because of procedural deviation, and the demand, penalty, and withdrawal of permission were not sustainable. Case-Laws Central Excise Wed, 07 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82988