https://www.taxtmi.com/caselaws?id=85726 Modvat credit on returned defective goods was denied because the goods were not covered by the inputs declared under Rule 57G. Although a finished product may, in some contexts, also serve as an input, the assessee's declaration identified other materials as inputs and did not include the returned goods in question. The cited precedent was distinguished because, there, the defective returned goods had been specifically declared as inputs. Credit was therefore not admissible, and the disallowance was upheld on merits. en-us Fri, 16 Aug 1996 00:00:00 +0530 Sat, 06 Aug 2011 17:19:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85726 Modvat credit on returned defective goods was denied because the goods were not covered by the inputs declared under Rule 57G. Although a finished product may, in some contexts, also serve as an input, the assessee's declaration identified other materials as inputs and did not include the returned goods in question. The cited precedent was distinguished because, there, the defective returned goods had been specifically declared as inputs. Credit was therefore not admissible, and the disallowance was upheld on merits. Case-Laws Central Excise Fri, 16 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85726