https://www.taxtmi.com/caselaws?id=97756 Modvat credit could not be denied solely for failure to comply with declaration and other procedural requirements where duty was later demanded on goods cleared under a bona fide belief that no duty was payable. The Tribunal applied its earlier view that, when goods are initially removed without duty under a genuine understanding of exemption and duty is subsequently demanded, procedural lapses in the Modvat scheme do not by themselves defeat credit. Credit was therefore held not to be denied on the basis of procedural non-compliance. en-us Mon, 05 Mar 2001 00:00:00 +0530 Tue, 17 Jan 2012 18:44:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97756 Modvat credit could not be denied solely for failure to comply with declaration and other procedural requirements where duty was later demanded on goods cleared under a bona fide belief that no duty was payable. The Tribunal applied its earlier view that, when goods are initially removed without duty under a genuine understanding of exemption and duty is subsequently demanded, procedural lapses in the Modvat scheme do not by themselves defeat credit. Credit was therefore held not to be denied on the basis of procedural non-compliance. Case-Laws Central Excise Mon, 05 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97756