https://www.taxtmi.com/caselaws?id=97735 Rule 57T declaration filed in the Assistant Commissioner's office with a proper receipt was treated as sufficient, without requiring a separate dated acknowledgment, for Modvat credit purposes. Rule 57R(3) was construed broadly to cover capital goods acquired through bank financing or similar financial arrangements; hypothecation or the absence of ownership transfer did not exclude the rule, and its procedural requirements remained applicable. Procedural defects such as rubber-stamping on invoices were treated as curable, but invoices lacking essential particulars like consignor or consignee details required fresh verification and proof of duty payment before credit could be allowed. en-us Fri, 12 Jan 2001 00:00:00 +0530 Tue, 17 Jan 2012 18:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97735 Rule 57T declaration filed in the Assistant Commissioner's office with a proper receipt was treated as sufficient, without requiring a separate dated acknowledgment, for Modvat credit purposes. Rule 57R(3) was construed broadly to cover capital goods acquired through bank financing or similar financial arrangements; hypothecation or the absence of ownership transfer did not exclude the rule, and its procedural requirements remained applicable. Procedural defects such as rubber-stamping on invoices were treated as curable, but invoices lacking essential particulars like consignor or consignee details required fresh verification and proof of duty payment before credit could be allowed. Case-Laws Central Excise Fri, 12 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97735