https://www.taxtmi.com/caselaws?id=116024 Defective finished goods returned by a customer were treated as inputs eligible for Modvat credit under the erstwhile Rule 57A, where the declaration under Rule 57G covered the goods and the Larger Bench view supported eligibility. The Tribunal rejected the revenue's contention that the goods had to be converted into regenerated granules before reuse, holding that such conversion was not mandatory and that other modes of defect removal followed by duty-paid clearance were sufficient. The returned defective HDPE/PP bags and fabrics were therefore entitled to input credit. en-us Fri, 13 May 2005 00:00:00 +0530 Wed, 06 Jun 2012 15:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116024 Defective finished goods returned by a customer were treated as inputs eligible for Modvat credit under the erstwhile Rule 57A, where the declaration under Rule 57G covered the goods and the Larger Bench view supported eligibility. The Tribunal rejected the revenue's contention that the goods had to be converted into regenerated granules before reuse, holding that such conversion was not mandatory and that other modes of defect removal followed by duty-paid clearance were sufficient. The returned defective HDPE/PP bags and fabrics were therefore entitled to input credit. Case-Laws Customs Fri, 13 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116024