https://www.taxtmi.com/caselaws?id=175455 Declared duty-paid inputs used in manufacture of declared final products supported Modvat credit, and the credit could not be denied merely because the inputs were received, stored, or processed through an unlicensed or undisclosed rented premises where the lapse was only procedural and the substantive nexus with the final products was proved. However, use of the rented premises as a godown and for movement of goods without proper declaration did constitute contravention of excise and Modvat requirements, so penalty was warranted. The penalty was therefore sustained in principle but reduced to reflect that the goods were cleared on payment of duty. en-us Tue, 25 May 1993 00:00:00 +0530 Sat, 21 Nov 2015 18:10:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175455 Declared duty-paid inputs used in manufacture of declared final products supported Modvat credit, and the credit could not be denied merely because the inputs were received, stored, or processed through an unlicensed or undisclosed rented premises where the lapse was only procedural and the substantive nexus with the final products was proved. However, use of the rented premises as a godown and for movement of goods without proper declaration did constitute contravention of excise and Modvat requirements, so penalty was warranted. The penalty was therefore sustained in principle but reduced to reflect that the goods were cleared on payment of duty. Case-Laws Central Excise Tue, 25 May 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175455