https://www.taxtmi.com/caselaws?id=94749 Modvat credit could not be denied where the inputs were described in the declaration and gate passes as roughly shaped forgings or roughly shaped flanges, and the sub-heading was later corrected. The description was held to cover the goods actually received, the supplier's version was not disproved by any verification, and the final product was not in dispute. Evidence showed that the received goods were processed into final flanges only after machining and finishing. Denial of credit was therefore unjustified, and the disallowance of credit and penalty were set aside. en-us Wed, 05 Mar 1997 00:00:00 +0530 Sat, 03 Dec 2011 15:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94749 Modvat credit could not be denied where the inputs were described in the declaration and gate passes as roughly shaped forgings or roughly shaped flanges, and the sub-heading was later corrected. The description was held to cover the goods actually received, the supplier's version was not disproved by any verification, and the final product was not in dispute. Evidence showed that the received goods were processed into final flanges only after machining and finishing. Denial of credit was therefore unjustified, and the disallowance of credit and penalty were set aside. Case-Laws Central Excise Wed, 05 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94749