https://www.taxtmi.com/caselaws?id=93589 Modvat credit on grinding wheels was treated as admissible despite the declaration having been filed under Rule 57G instead of Rule 57T, because the mistake was procedural and made under a bona fide understanding of the prevailing position. The grinding wheels were accepted as eligible capital goods, and the dispute concerned only the form of the declaration. As the credit would have been reflected in the corresponding Rule 57T account and no revenue loss arose, the credit could not be denied on this technical defect. en-us Fri, 19 May 2000 00:00:00 +0530 Mon, 14 Nov 2011 15:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93589 Modvat credit on grinding wheels was treated as admissible despite the declaration having been filed under Rule 57G instead of Rule 57T, because the mistake was procedural and made under a bona fide understanding of the prevailing position. The grinding wheels were accepted as eligible capital goods, and the dispute concerned only the form of the declaration. As the credit would have been reflected in the corresponding Rule 57T account and no revenue loss arose, the credit could not be denied on this technical defect. Case-Laws Central Excise Fri, 19 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93589