https://www.taxtmi.com/caselaws?id=95656 A brief delay in filing the Rule 57T declaration did not justify denial of Modvat credit where the declaration was filed within two days of receipt of the capital goods and credit was taken only after filing; the assessee was therefore eligible for the credit. Goods cleared by the assessee were treated as inputs removed as such under Rule 57F(1)(ii), because the materials received were complete finished goods and the process relied on did not change that character; as duty paid was lower than the credit taken, differential duty and penalty were upheld. The appeal succeeded only on the credit issue and failed on the duty demand and penalty. en-us Fri, 16 Jun 2000 00:00:00 +0530 Tue, 05 Jan 2016 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95656 A brief delay in filing the Rule 57T declaration did not justify denial of Modvat credit where the declaration was filed within two days of receipt of the capital goods and credit was taken only after filing; the assessee was therefore eligible for the credit. Goods cleared by the assessee were treated as inputs removed as such under Rule 57F(1)(ii), because the materials received were complete finished goods and the process relied on did not change that character; as duty paid was lower than the credit taken, differential duty and penalty were upheld. The appeal succeeded only on the credit issue and failed on the duty demand and penalty. Case-Laws Central Excise Fri, 16 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95656