https://www.taxtmi.com/caselaws?id=103827 Modvat credit on nuts, bolts and screws used as spares could not be denied solely because the Rule 57T declaration did not identify the exact machinery in which they would be used. The record showed that the items were general-purpose spares used to replace worn-out parts of capital goods covered by Rule 57Q, and that the practical difficulty of naming the machinery at receipt was accepted. The declaration requirement was directed to ensure proper use of capital goods, which could be verified through stock, issue and actual-use records. The matter was remanded for verification of those records and fresh examination of eligibility. en-us Fri, 14 Dec 2001 00:00:00 +0530 Fri, 24 Feb 2012 17:17:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103827 Modvat credit on nuts, bolts and screws used as spares could not be denied solely because the Rule 57T declaration did not identify the exact machinery in which they would be used. The record showed that the items were general-purpose spares used to replace worn-out parts of capital goods covered by Rule 57Q, and that the practical difficulty of naming the machinery at receipt was accepted. The declaration requirement was directed to ensure proper use of capital goods, which could be verified through stock, issue and actual-use records. The matter was remanded for verification of those records and fresh examination of eligibility. Case-Laws Central Excise Fri, 14 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103827