https://www.taxtmi.com/caselaws?id=98294 Modvat credit was treated as admissible on lubricants, ramming mass/Whylheat, a chemical bonded compound used for sand mould preparation, and a refractory compound used in furnace operations because each item was supported by binding precedent as an eligible input. The declaration filed under the capital goods route did not defeat credit where the goods otherwise satisfied the substantive conditions for input credit, and a Rule 57Q declaration was held sufficient on that basis. The denial of credit was therefore unsustainable, and the assessee's claim succeeded in full. en-us Mon, 12 Jun 2000 00:00:00 +0530 Fri, 20 Jan 2012 10:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98294 Modvat credit was treated as admissible on lubricants, ramming mass/Whylheat, a chemical bonded compound used for sand mould preparation, and a refractory compound used in furnace operations because each item was supported by binding precedent as an eligible input. The declaration filed under the capital goods route did not defeat credit where the goods otherwise satisfied the substantive conditions for input credit, and a Rule 57Q declaration was held sufficient on that basis. The denial of credit was therefore unsustainable, and the assessee's claim succeeded in full. Case-Laws Central Excise Mon, 12 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98294