https://www.taxtmi.com/caselaws?id=126354 Modvat credit could not be denied on a merely technical objection where the inputs were received under proper duty-paying documents, entered in statutory records, and used in manufacture of final products. Rule 57G(11) of the Central Excise Rules, 1944, as amended, protected credit despite an imperfect declaration if those substantive conditions were met. The declaration here broadly described iron and steel scrap, and the records showed the goods received were iron and steel scrap from old ships. Credit was therefore admissible, and denial was unjustified. en-us Thu, 30 Apr 2009 00:00:00 +0530 Mon, 05 Nov 2012 17:27:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126354 Modvat credit could not be denied on a merely technical objection where the inputs were received under proper duty-paying documents, entered in statutory records, and used in manufacture of final products. Rule 57G(11) of the Central Excise Rules, 1944, as amended, protected credit despite an imperfect declaration if those substantive conditions were met. The declaration here broadly described iron and steel scrap, and the records showed the goods received were iron and steel scrap from old ships. Credit was therefore admissible, and denial was unjustified. Case-Laws Central Excise Thu, 30 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126354