https://www.taxtmi.com/caselaws?id=84927 Modvat credit could not be denied where a Rule 57G declaration substantially covered the relevant chapter and final product, even though the input description and tariff classification were not exact. The operative principle applied was that minor discrepancies in nomenclature or classification do not defeat credit when the duty-paid inputs are actually used in manufacture of the declared final product. A liberal reading, supported by a clarificatory circular and trade notice, was accepted because the broad product classification was correct and the variation arose from trade practice. On that basis, the assessee was entitled to retain the credit. en-us Fri, 19 Jan 1996 00:00:00 +0530 Mon, 01 Aug 2011 16:07:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84927 Modvat credit could not be denied where a Rule 57G declaration substantially covered the relevant chapter and final product, even though the input description and tariff classification were not exact. The operative principle applied was that minor discrepancies in nomenclature or classification do not defeat credit when the duty-paid inputs are actually used in manufacture of the declared final product. A liberal reading, supported by a clarificatory circular and trade notice, was accepted because the broad product classification was correct and the variation arose from trade practice. On that basis, the assessee was entitled to retain the credit. Case-Laws Central Excise Fri, 19 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84927