https://www.taxtmi.com/caselaws?id=100829 Modvat credit on Castrol Oil was treated as admissible where the item was claimed under the wrong rule and the procedural requirements of the alternative rule were not followed. The authorities had initially viewed the item as input rather than capital goods under Rule 57Q of the Central Excise Rules, 1944. The controlling principle applied was that eligibility can be examined under the correct rule even if the declaration was filed under an incorrect rule, and procedural lapses should not defeat substantive entitlement when the item is otherwise covered by the Modvat scheme. Credit was therefore allowed on this item. en-us Fri, 07 Dec 2001 00:00:00 +0530 Tue, 07 Feb 2012 12:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100829 Modvat credit on Castrol Oil was treated as admissible where the item was claimed under the wrong rule and the procedural requirements of the alternative rule were not followed. The authorities had initially viewed the item as input rather than capital goods under Rule 57Q of the Central Excise Rules, 1944. The controlling principle applied was that eligibility can be examined under the correct rule even if the declaration was filed under an incorrect rule, and procedural lapses should not defeat substantive entitlement when the item is otherwise covered by the Modvat scheme. Credit was therefore allowed on this item. Case-Laws Central Excise Fri, 07 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100829