https://www.taxtmi.com/caselaws?id=91835 Modvat credit could not be denied where the assessee filed a timely declaration correctly describing the capital goods as electric motors and the identity of the goods received was undisputed. A supplier's different chapter classification, by itself, did not make the declaration defective. For the item described as a distance piece or spacer, the assessee received the benefit of doubt because the descriptions were substantially similar. Credit was, however, not supported on the item described as support. Penalty could not be sustained on the basis of the denial relating to the electric motors. en-us Thu, 03 Jun 1999 00:00:00 +0530 Fri, 21 Oct 2011 13:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91835 Modvat credit could not be denied where the assessee filed a timely declaration correctly describing the capital goods as electric motors and the identity of the goods received was undisputed. A supplier's different chapter classification, by itself, did not make the declaration defective. For the item described as a distance piece or spacer, the assessee received the benefit of doubt because the descriptions were substantially similar. Credit was, however, not supported on the item described as support. Penalty could not be sustained on the basis of the denial relating to the electric motors. Case-Laws Central Excise Thu, 03 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91835