https://www.taxtmi.com/caselaws?id=85183 Modvat credit was allowed where the declaration under Rule 57G did not specifically name electric motors as a final product, because the classification list and related correspondence already showed the assessee's intention to claim credit on the relevant inputs and outputs. The approved classification list expressly referred to electric motors, and its reverse noted that Modvat would be claimed on electric fans and motors. Prior intimation to the department reinforced that the disclosure requirement was substantially satisfied. On that basis, declaration in the classification list was treated as sufficient compliance, and denial of credit was not justified. en-us Thu, 19 Oct 1995 00:00:00 +0530 Wed, 03 Aug 2011 12:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85183 Modvat credit was allowed where the declaration under Rule 57G did not specifically name electric motors as a final product, because the classification list and related correspondence already showed the assessee's intention to claim credit on the relevant inputs and outputs. The approved classification list expressly referred to electric motors, and its reverse noted that Modvat would be claimed on electric fans and motors. Prior intimation to the department reinforced that the disclosure requirement was substantially satisfied. On that basis, declaration in the classification list was treated as sufficient compliance, and denial of credit was not justified. Case-Laws Central Excise Thu, 19 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85183