https://www.taxtmi.com/caselaws?id=92650 Modvat credit could not be denied solely because no Rule 57G declaration had been filed before clearance of the final product, where the assessee had bona fide believed the recovered octanol was a waste product and therefore not dutiable. Once the department treated the final product as dutiable and accepted credit in principle on the inputs used in its manufacture, the earlier omission to file the declaration did not defeat the credit claim. The prior non-filing was explained by the assessee's belief that the product itself was outside duty, and the credit was rightly allowed. en-us Wed, 20 May 1998 00:00:00 +0530 Fri, 04 Nov 2011 11:52:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92650 Modvat credit could not be denied solely because no Rule 57G declaration had been filed before clearance of the final product, where the assessee had bona fide believed the recovered octanol was a waste product and therefore not dutiable. Once the department treated the final product as dutiable and accepted credit in principle on the inputs used in its manufacture, the earlier omission to file the declaration did not defeat the credit claim. The prior non-filing was explained by the assessee's belief that the product itself was outside duty, and the credit was rightly allowed. Case-Laws Central Excise Wed, 20 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92650