https://www.taxtmi.com/caselaws?id=85389 Modvat credit was admissible where the assessee's declaration broadly covered the relevant tariff headings and included waste, scrap, defective products and mill roll products. The disputed goods were scrap in substance, and the addition of the abbreviation "def" did not alter their character. In the absence of material showing that the assessee altered the challan or otherwise manipulated the description, denial of credit was not supported by the record. On the same basis, the penalty was not sustainable. Minor variation in description does not defeat credit or justify penalty when the declaration substantially covers the goods and no deliberate misstatement is proved. en-us Mon, 08 Jul 1996 00:00:00 +0530 Thu, 04 Aug 2011 16:47:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85389 Modvat credit was admissible where the assessee's declaration broadly covered the relevant tariff headings and included waste, scrap, defective products and mill roll products. The disputed goods were scrap in substance, and the addition of the abbreviation "def" did not alter their character. In the absence of material showing that the assessee altered the challan or otherwise manipulated the description, denial of credit was not supported by the record. On the same basis, the penalty was not sustainable. Minor variation in description does not defeat credit or justify penalty when the declaration substantially covers the goods and no deliberate misstatement is proved. Case-Laws Central Excise Mon, 08 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85389