https://www.taxtmi.com/caselaws?id=87255 Modvat credit on re-rollable scrap was admissible where the scrap was used to manufacture intermediate steel billets or ingots that were then consumed in making the declared final products. Rule 57D(2) protected credit because inputs used in an in-process material remain eligible even if the intermediate product emerges in a different unit or is not described with exact detail in the declaration. The penalty was not sustainable because the record did not show wilful misdeclaration or intent to evade duty. en-us Tue, 26 Aug 1997 00:00:00 +0530 Sat, 03 Sep 2011 17:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87255 Modvat credit on re-rollable scrap was admissible where the scrap was used to manufacture intermediate steel billets or ingots that were then consumed in making the declared final products. Rule 57D(2) protected credit because inputs used in an in-process material remain eligible even if the intermediate product emerges in a different unit or is not described with exact detail in the declaration. The penalty was not sustainable because the record did not show wilful misdeclaration or intent to evade duty. Case-Laws Central Excise Tue, 26 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87255