https://www.taxtmi.com/caselaws?id=108312 Modvat credit was treated as admissible on lubricating oil because Tribunal precedent had already recognised it as an eligible input, so denial was unsustainable. Credit on HSD oil was treated as inadmissible because settled precedent held that it was not an eligible input under the governing Modvat rule, so the claim failed on that issue. Credit on capital goods could not be denied merely because the declaration or invoice particulars were wrong or incomplete, where the item was otherwise declared and identifiable; procedural defects were held insufficient to defeat substantive eligibility. en-us Tue, 29 Oct 2002 00:00:00 +0530 Fri, 30 Mar 2012 18:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108312 Modvat credit was treated as admissible on lubricating oil because Tribunal precedent had already recognised it as an eligible input, so denial was unsustainable. Credit on HSD oil was treated as inadmissible because settled precedent held that it was not an eligible input under the governing Modvat rule, so the claim failed on that issue. Credit on capital goods could not be denied merely because the declaration or invoice particulars were wrong or incomplete, where the item was otherwise declared and identifiable; procedural defects were held insufficient to defeat substantive eligibility. Case-Laws Central Excise Tue, 29 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108312