https://www.taxtmi.com/caselaws?id=84350 MODVAT credit on inputs lying in stock could be available even without prior written approval, but sanction depended on verification of the declared inputs and supporting records. The assessee had filed the declaration under Rule 57G and sought credit under Rule 57H, and was treated as eligible in principle. However, the record did not satisfactorily establish the quantity and eligibility of the inputs actually lying in the factory. The matter therefore required re-examination by the departmental authority, and credit was to be granted only to the extent that the stock and records were properly proved. en-us Fri, 05 Nov 1993 00:00:00 +0530 Thu, 21 Jul 2011 13:10:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84350 MODVAT credit on inputs lying in stock could be available even without prior written approval, but sanction depended on verification of the declared inputs and supporting records. The assessee had filed the declaration under Rule 57G and sought credit under Rule 57H, and was treated as eligible in principle. However, the record did not satisfactorily establish the quantity and eligibility of the inputs actually lying in the factory. The matter therefore required re-examination by the departmental authority, and credit was to be granted only to the extent that the stock and records were properly proved. Case-Laws Central Excise Fri, 05 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84350