https://www.taxtmi.com/caselaws?id=93534 Modvat credit could not be denied merely because no earlier declaration was filed for an intermediate product manufactured in the assessee's own premises when duty had ultimately been paid on that product and the inputs were used in the final product; the substantive credit benefit remained admissible. Later payment of duty on the inputs also did not bar credit, since the materials had been consumed in manufacture and Tribunal precedent supported allowance of notional credit at a later stage. On both issues, the impugned order was sustained and the revenue appeals failed. en-us Thu, 13 Apr 2000 00:00:00 +0530 Mon, 14 Nov 2011 11:43:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93534 Modvat credit could not be denied merely because no earlier declaration was filed for an intermediate product manufactured in the assessee's own premises when duty had ultimately been paid on that product and the inputs were used in the final product; the substantive credit benefit remained admissible. Later payment of duty on the inputs also did not bar credit, since the materials had been consumed in manufacture and Tribunal precedent supported allowance of notional credit at a later stage. On both issues, the impugned order was sustained and the revenue appeals failed. Case-Laws Central Excise Thu, 13 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93534