https://www.taxtmi.com/caselaws?id=87959 Modvat and transitional credit were not to be denied merely because inputs were first stored in godowns outside the factory before being moved in for use. The applicable rules contemplated receipt and stock in the factory, but the inputs were duly accounted for, later brought into the factory, and verified as used in manufacture. The Board's circular also recognised practical relaxation for outside storage subject to procedure and conditions. On those facts, the departure from literal factory-receipt requirements was treated as a curable lapse, and substantial compliance with Rules 57G and 57H was sufficient to preserve the credit. en-us Wed, 04 Feb 1998 00:00:00 +0530 Wed, 14 Sep 2011 11:37:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87959 Modvat and transitional credit were not to be denied merely because inputs were first stored in godowns outside the factory before being moved in for use. The applicable rules contemplated receipt and stock in the factory, but the inputs were duly accounted for, later brought into the factory, and verified as used in manufacture. The Board's circular also recognised practical relaxation for outside storage subject to procedure and conditions. On those facts, the departure from literal factory-receipt requirements was treated as a curable lapse, and substantial compliance with Rules 57G and 57H was sufficient to preserve the credit. Case-Laws Central Excise Wed, 04 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87959