https://www.taxtmi.com/caselaws?id=100570 Modvat credit on common inputs was discussed in the context of whether a credit claim could be denied merely because motor vehicle parts and accessories were not shown as final products in one declaration. The text states that the declaration defect was treated as technical, since the inputs were common to declared and undeclared outputs and the credit was available for utilisation against the declared final product, motor vehicles. It also notes the settled principle that where the issue is only adjustment between the RG-23A account and PLA, the credit earned is not extinguished. On that basis, reversal of credit, the related duty demand and penalties were stated to be unsustainable. en-us Wed, 09 Jun 1999 00:00:00 +0530 Fri, 03 Feb 2012 11:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100570 Modvat credit on common inputs was discussed in the context of whether a credit claim could be denied merely because motor vehicle parts and accessories were not shown as final products in one declaration. The text states that the declaration defect was treated as technical, since the inputs were common to declared and undeclared outputs and the credit was available for utilisation against the declared final product, motor vehicles. It also notes the settled principle that where the issue is only adjustment between the RG-23A account and PLA, the credit earned is not extinguished. On that basis, reversal of credit, the related duty demand and penalties were stated to be unsustainable. Case-Laws Central Excise Wed, 09 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100570