https://www.taxtmi.com/caselaws?id=123648 Modvat credit on inputs already lying in stock could not be denied merely because the assessee filed multiple declarations instead of one consolidated declaration. Since the eligibility of the inputs and the existence of stock were not in dispute, the procedural form of declaration filing did not defeat the substantive credit entitlement. In the absence of a statutory requirement insisting on a single declaration, the objection was treated as only a procedural lapse and was not a valid ground to refuse credit. en-us Thu, 28 Feb 2008 00:00:00 +0530 Mon, 11 Sep 2017 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123648 Modvat credit on inputs already lying in stock could not be denied merely because the assessee filed multiple declarations instead of one consolidated declaration. Since the eligibility of the inputs and the existence of stock were not in dispute, the procedural form of declaration filing did not defeat the substantive credit entitlement. In the absence of a statutory requirement insisting on a single declaration, the objection was treated as only a procedural lapse and was not a valid ground to refuse credit. Case-Laws Central Excise Thu, 28 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123648