https://www.taxtmi.com/caselaws?id=89020 Modvat credit should not be denied merely because inputs are described in generic terms, where the declaration discloses the relevant tariff heading and otherwise satisfies the disclosure requirement. A generic declaration was treated as adequate for verification by the Assistant Commissioner, despite the absence of specific names for Copper Strips and Copper Foils. On that basis, credit was allowed after verification and the penalty was held unsustainable and vacated. en-us Tue, 21 Apr 1998 00:00:00 +0530 Thu, 22 Sep 2011 18:15:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89020 Modvat credit should not be denied merely because inputs are described in generic terms, where the declaration discloses the relevant tariff heading and otherwise satisfies the disclosure requirement. A generic declaration was treated as adequate for verification by the Assistant Commissioner, despite the absence of specific names for Copper Strips and Copper Foils. On that basis, credit was allowed after verification and the penalty was held unsustainable and vacated. Case-Laws Central Excise Tue, 21 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89020