https://www.taxtmi.com/caselaws?id=339128 Modvat credit was treated as admissible where the declaration under Rule 57G identified the input and final product under the same chapter heading, even though the declaration was not fully specific. The guidance in Circular No. 263/45/89-C&B was applied to hold that a procedural lapse in declaration should not, by itself, defeat credit when the substantive linkage between input and manufacture is clear. Returned defective finished goods capable of reuse in fresh manufacture were also treated as qualifying input for credit purposes, making denial of Modvat credit unsustainable. en-us Wed, 25 Jan 2017 00:00:00 +0530 Mon, 20 Feb 2017 00:41:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339128 Modvat credit was treated as admissible where the declaration under Rule 57G identified the input and final product under the same chapter heading, even though the declaration was not fully specific. The guidance in Circular No. 263/45/89-C&B was applied to hold that a procedural lapse in declaration should not, by itself, defeat credit when the substantive linkage between input and manufacture is clear. Returned defective finished goods capable of reuse in fresh manufacture were also treated as qualifying input for credit purposes, making denial of Modvat credit unsustainable. Case-Laws Central Excise Wed, 25 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339128