https://www.taxtmi.com/caselaws?id=115503 Modvat credit was held admissible on cuttings of sheets and plates cleared by a first stage dealer because the goods remained sheets and plates classifiable under Heading 72.08; they were only reduced in area, not thickness, and could not be treated as scrap under Heading 7204 for denying credit. The Rule 57G declaration matched the goods received, and the credit taken did not exceed the duty paid. As the buyer's credit was proper, no abetment or irregular availment could be attributed to the dealer, and the penalties on both the buyer and the dealer were not sustainable. en-us Wed, 06 Jul 2005 00:00:00 +0530 Wed, 30 May 2012 14:55:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115503 Modvat credit was held admissible on cuttings of sheets and plates cleared by a first stage dealer because the goods remained sheets and plates classifiable under Heading 72.08; they were only reduced in area, not thickness, and could not be treated as scrap under Heading 7204 for denying credit. The Rule 57G declaration matched the goods received, and the credit taken did not exceed the duty paid. As the buyer's credit was proper, no abetment or irregular availment could be attributed to the dealer, and the penalties on both the buyer and the dealer were not sustainable. Case-Laws Central Excise Wed, 06 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115503