https://www.taxtmi.com/caselaws?id=108786 Modvat credit on chrome paper could not be denied merely because the declaration did not name that variety separately, where the existing declaration covered "paper and paperboards all sorts" and the duty-paid nature, receipt, and use of the inputs were undisputed; the credit was therefore admissible from the first declaration date. Once the credit claim was held valid, penalty under Rule 173Q of the Central Excise Rules, 1944 could not be sustained for alleged wrongful availment, and the penalty was set aside. The stated principle is that a minor procedural defect in a Modvat declaration does not defeat credit when the inputs are otherwise covered by the scheme. en-us Tue, 24 Dec 2002 00:00:00 +0530 Tue, 03 Apr 2012 18:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108786 Modvat credit on chrome paper could not be denied merely because the declaration did not name that variety separately, where the existing declaration covered "paper and paperboards all sorts" and the duty-paid nature, receipt, and use of the inputs were undisputed; the credit was therefore admissible from the first declaration date. Once the credit claim was held valid, penalty under Rule 173Q of the Central Excise Rules, 1944 could not be sustained for alleged wrongful availment, and the penalty was set aside. The stated principle is that a minor procedural defect in a Modvat declaration does not defeat credit when the inputs are otherwise covered by the scheme. Case-Laws Central Excise Tue, 24 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108786