https://www.taxtmi.com/caselaws?id=85070 Modvat credit was available only for inputs covered by the Rule 57G declaration, but a broad description could suffice where statutory records, tariff particulars, duty-paid nature and actual use in manufacture established the identity of the input. On that basis, credit was denied for inputs not declared or not covered by the description, but allowed for those sufficiently identified by the record. Penalty under Rule 173Q was not justified on the facts, as the lapse was not of a gravity warranting penal action, so the penalty was set aside. en-us Tue, 27 Feb 1996 00:00:00 +0530 Tue, 02 Aug 2011 16:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85070 Modvat credit was available only for inputs covered by the Rule 57G declaration, but a broad description could suffice where statutory records, tariff particulars, duty-paid nature and actual use in manufacture established the identity of the input. On that basis, credit was denied for inputs not declared or not covered by the description, but allowed for those sufficiently identified by the record. Penalty under Rule 173Q was not justified on the facts, as the lapse was not of a gravity warranting penal action, so the penalty was set aside. Case-Laws Central Excise Tue, 27 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85070