https://www.taxtmi.com/caselaws?id=91478 Returned defective final goods could be treated as inputs for Modvat purposes where they were covered by the assessee's declaration. The Tribunal relied on earlier identical and similar decisions involving the same appellant and noted that the declaration on record was accepted as covering defective sheets as inputs. Once such goods were declared and received back, there was no bar to treating them as inputs for credit. Modvat credit was therefore admissible, and the denial of credit and penalty could not be sustained. en-us Mon, 14 Jun 1999 00:00:00 +0530 Tue, 18 Oct 2011 12:43:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91478 Returned defective final goods could be treated as inputs for Modvat purposes where they were covered by the assessee's declaration. The Tribunal relied on earlier identical and similar decisions involving the same appellant and noted that the declaration on record was accepted as covering defective sheets as inputs. Once such goods were declared and received back, there was no bar to treating them as inputs for credit. Modvat credit was therefore admissible, and the denial of credit and penalty could not be sustained. Case-Laws Central Excise Mon, 14 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91478