https://www.taxtmi.com/caselaws?id=114139 Modvat credit could not be denied merely because the assessee failed to intimate the arrival of capital goods to the department where the goods were declared, duty-paid, received in the factory and used in manufacture. The record showed only a procedural lapse, while the correctness of the credit itself was not disputed. A Board circular was applied to allow credit in cases of minor procedural defects and to confine denial to instances where the credit taken was incorrect. On that basis, denial of Modvat credit was unjustified. en-us Thu, 30 Sep 2004 00:00:00 +0530 Fri, 11 May 2012 16:07:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114139 Modvat credit could not be denied merely because the assessee failed to intimate the arrival of capital goods to the department where the goods were declared, duty-paid, received in the factory and used in manufacture. The record showed only a procedural lapse, while the correctness of the credit itself was not disputed. A Board circular was applied to allow credit in cases of minor procedural defects and to confine denial to instances where the credit taken was incorrect. On that basis, denial of Modvat credit was unjustified. Case-Laws Central Excise Thu, 30 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114139