https://www.taxtmi.com/caselaws?id=92358 Modvat credit cannot be denied solely because the prescribed declaration was not filed when the inputs were duty paid, received in the factory, and used in manufacture; a procedural lapse does not defeat substantive eligibility. Penalty is also unsustainable where the record shows no mala fide conduct or mens rea, and the breach is merely technical or venial. The document therefore states that credit should not be refused on a technical filing defect and that penalty requires proof of culpable intent. en-us Thu, 24 Dec 1998 00:00:00 +0530 Tue, 01 Nov 2011 10:51:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92358 Modvat credit cannot be denied solely because the prescribed declaration was not filed when the inputs were duty paid, received in the factory, and used in manufacture; a procedural lapse does not defeat substantive eligibility. Penalty is also unsustainable where the record shows no mala fide conduct or mens rea, and the breach is merely technical or venial. The document therefore states that credit should not be refused on a technical filing defect and that penalty requires proof of culpable intent. Case-Laws Central Excise Thu, 24 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92358