https://www.taxtmi.com/caselaws?id=88867 Modvat credit under Rule 57H(1B) was held to depend on filing a declaration that enabled departmental verification of stock and inputs in hand; letters and a revised Rule 57G declaration that did not disclose the existence, quantity, or variety of raw materials were treated as insufficient substantial compliance, so credit was denied. The accompanying penalty under Rule 173Q(1) was nevertheless set aside because the defect was confined to a procedural lapse and did not warrant penal consequences. en-us Fri, 29 May 1998 00:00:00 +0530 Wed, 21 Sep 2011 18:29:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88867 Modvat credit under Rule 57H(1B) was held to depend on filing a declaration that enabled departmental verification of stock and inputs in hand; letters and a revised Rule 57G declaration that did not disclose the existence, quantity, or variety of raw materials were treated as insufficient substantial compliance, so credit was denied. The accompanying penalty under Rule 173Q(1) was nevertheless set aside because the defect was confined to a procedural lapse and did not warrant penal consequences. Case-Laws Central Excise Fri, 29 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88867