https://www.taxtmi.com/caselaws?id=93780 Modvat credit cannot be denied on a merely technical defect in the declaration where the inputs are duty paid, actually received and used in manufacture, and the declaration substantially contains the required particulars. A declaration describing the final products as cast articles of iron and steel, though not naming them specifically as MCI inserts, was treated as sufficient because the identity of the goods and use of inputs were undisputed. A declaration filed under Rule 57T rather than Rule 57G was also held adequate when it contained the information necessary for input credit. Once credit was admissible on merits, the connected penalty could not survive and was unsustainable. en-us Tue, 25 Jul 2000 00:00:00 +0530 Wed, 16 Nov 2011 17:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93780 Modvat credit cannot be denied on a merely technical defect in the declaration where the inputs are duty paid, actually received and used in manufacture, and the declaration substantially contains the required particulars. A declaration describing the final products as cast articles of iron and steel, though not naming them specifically as MCI inserts, was treated as sufficient because the identity of the goods and use of inputs were undisputed. A declaration filed under Rule 57T rather than Rule 57G was also held adequate when it contained the information necessary for input credit. Once credit was admissible on merits, the connected penalty could not survive and was unsustainable. Case-Laws Central Excise Tue, 25 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93780