https://www.taxtmi.com/caselaws?id=50311 Modvat credit was treated as admissible on capital goods used as accessories, parts and spares of the continuous span machinery in sugar manufacture because the items were functionally necessary for the plant's operation. Non-filing of the Rule 57T declaration was regarded as a procedural lapse, not a substantive ground to deny credit, where the goods were received and used in the assessee's premises. Invoices addressed to third parties were also accepted when the goods were received on account of the assessee. The stated principle is that eligible capital goods credit should not be defeated by technical defects that do not affect actual receipt or use. en-us Fri, 22 Sep 2000 00:00:00 +0530 Sat, 21 Aug 2010 10:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50311 Modvat credit was treated as admissible on capital goods used as accessories, parts and spares of the continuous span machinery in sugar manufacture because the items were functionally necessary for the plant's operation. Non-filing of the Rule 57T declaration was regarded as a procedural lapse, not a substantive ground to deny credit, where the goods were received and used in the assessee's premises. Invoices addressed to third parties were also accepted when the goods were received on account of the assessee. The stated principle is that eligible capital goods credit should not be defeated by technical defects that do not affect actual receipt or use. Case-Laws Central Excise Fri, 22 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50311