https://www.taxtmi.com/caselaws?id=84553 Modvat credit on inputs lying in stock on 1-4-1994 was treated as admissible where the Rule 57H declaration was filed later, provided the eligible inputs and supporting stock records and gate passes were verified. Premature taking of credit was not, by itself, a ground to deny the substantive benefit when the scheme permitted condonation of delay and the inputs were shown to have been used in manufacture of dutiable final products. The denial was set aside and the matter remanded for fresh examination of the original Form IV account, gate passes and connected documents; if acceptable, the credit was to be allowed. en-us Mon, 25 Sep 1995 00:00:00 +0530 Fri, 22 Jul 2011 16:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84553 Modvat credit on inputs lying in stock on 1-4-1994 was treated as admissible where the Rule 57H declaration was filed later, provided the eligible inputs and supporting stock records and gate passes were verified. Premature taking of credit was not, by itself, a ground to deny the substantive benefit when the scheme permitted condonation of delay and the inputs were shown to have been used in manufacture of dutiable final products. The denial was set aside and the matter remanded for fresh examination of the original Form IV account, gate passes and connected documents; if acceptable, the credit was to be allowed. Case-Laws Central Excise Mon, 25 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84553