https://www.taxtmi.com/caselaws?id=87740 Belated filing of a prescribed Modvat declaration, by itself, did not justify denial of credit where the inputs were ultimately declared, used in the manufacture of declared final products, and credit was otherwise admissible on merits. The procedural requirement remained relevant as a safeguard for departmental verification, so the delay could still support penalty for breach of the filing obligation. The operative principle is that substantive entitlement to Modvat credit should not be defeated solely by late compliance with the declaration requirement, but procedural default may still attract penal consequences. en-us Mon, 16 Sep 1996 00:00:00 +0530 Sat, 10 Sep 2011 10:39:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87740 Belated filing of a prescribed Modvat declaration, by itself, did not justify denial of credit where the inputs were ultimately declared, used in the manufacture of declared final products, and credit was otherwise admissible on merits. The procedural requirement remained relevant as a safeguard for departmental verification, so the delay could still support penalty for breach of the filing obligation. The operative principle is that substantive entitlement to Modvat credit should not be defeated solely by late compliance with the declaration requirement, but procedural default may still attract penal consequences. Case-Laws Central Excise Mon, 16 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87740