https://www.taxtmi.com/caselaws?id=115929 Modvat credit cannot be denied merely because a declaration under Rule 57G was not filed or was filed belatedly where the input was duty-paid and its use in manufacture was undisputed. The amended Rule 57G was treated as supporting this position, so the credit denial was set aside. However, fraudulent alteration of the retained declaration copy justified adverse findings, and the penalty was sustained because there was no basis to interfere with its quantum or validity. The result was partial relief: credit was allowed, but the penalty remained undisturbed. en-us Mon, 14 Feb 2005 00:00:00 +0530 Tue, 05 Jun 2012 17:46:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115929 Modvat credit cannot be denied merely because a declaration under Rule 57G was not filed or was filed belatedly where the input was duty-paid and its use in manufacture was undisputed. The amended Rule 57G was treated as supporting this position, so the credit denial was set aside. However, fraudulent alteration of the retained declaration copy justified adverse findings, and the penalty was sustained because there was no basis to interfere with its quantum or validity. The result was partial relief: credit was allowed, but the penalty remained undisturbed. Case-Laws Central Excise Mon, 14 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115929