https://www.taxtmi.com/caselaws?id=84808 Amended Rule 57H(1)(i) allowed Modvat credit for eligible duty-paid inputs received in the factory on or after the specified date, even if they were not still lying in stock as such, and entitlement required factual verification of receipt and use before credit could be granted. A valid Rule 57G declaration did not lapse merely because the manufacturer temporarily shifted between full exemption and duty payment; fresh declarations were unnecessary when duty-paying operations resumed, though credit relatable to exempt clearances had to be reversed under Rule 57C during the exemption period. The matter was remitted for verification of factual compliance before allowing credit. en-us Tue, 23 May 1995 00:00:00 +0530 Mon, 25 Jul 2011 17:50:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84808 Amended Rule 57H(1)(i) allowed Modvat credit for eligible duty-paid inputs received in the factory on or after the specified date, even if they were not still lying in stock as such, and entitlement required factual verification of receipt and use before credit could be granted. A valid Rule 57G declaration did not lapse merely because the manufacturer temporarily shifted between full exemption and duty payment; fresh declarations were unnecessary when duty-paying operations resumed, though credit relatable to exempt clearances had to be reversed under Rule 57C during the exemption period. The matter was remitted for verification of factual compliance before allowing credit. Case-Laws Central Excise Tue, 23 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84808