https://www.taxtmi.com/caselaws?id=85504 Modvat credit on carbon electrodes and nipples was held admissible where the later declaration filed under Rule 57G(5) covered the inputs received during the relevant period. A declaration for graphite electrodes was not enough to extend coverage to carbon electrodes, as the two were treated as distinct inputs; however, the subsequent declaration of 17-5-1994 brought the disputed receipts within the rule. Once the credit was found validly taken, the foundation for the penalty also fell away, and the penalty was held unsustainable in favour of the assessee. en-us Fri, 28 Jun 1996 00:00:00 +0530 Fri, 05 Aug 2011 14:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85504 Modvat credit on carbon electrodes and nipples was held admissible where the later declaration filed under Rule 57G(5) covered the inputs received during the relevant period. A declaration for graphite electrodes was not enough to extend coverage to carbon electrodes, as the two were treated as distinct inputs; however, the subsequent declaration of 17-5-1994 brought the disputed receipts within the rule. Once the credit was found validly taken, the foundation for the penalty also fell away, and the penalty was held unsustainable in favour of the assessee. Case-Laws Central Excise Fri, 28 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85504