https://www.taxtmi.com/caselaws?id=109253 Modvat credit was admissible where an assessee took over a running business and the input declarations under Rule 57G had been filed by the predecessor unit or by the assessee and received by the department within time. The declarations for the raw materials were found genuine, the transfer of the entire business was accepted, and there was no change in manufacturing activity. On those facts, the basis for denying credit did not survive, and the demand could not be sustained. en-us Fri, 28 Feb 2003 00:00:00 +0530 Fri, 06 Apr 2012 18:44:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109253 Modvat credit was admissible where an assessee took over a running business and the input declarations under Rule 57G had been filed by the predecessor unit or by the assessee and received by the department within time. The declarations for the raw materials were found genuine, the transfer of the entire business was accepted, and there was no change in manufacturing activity. On those facts, the basis for denying credit did not survive, and the demand could not be sustained. Case-Laws Central Excise Fri, 28 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109253