https://www.taxtmi.com/caselaws?id=50963 Modvat credit on lubricating oils and greases was held admissible where a Rule 57G declaration had already been filed, because the absence of a separate Rule 57T declaration was only a technical lapse and could not defeat substantive entitlement. Credit was also allowed on capital goods despite being taken after six months from the invoice date, as the limitation applicable to inputs did not govern capital goods for the relevant period. The demand was substantially set aside, the undisputed amount relating to residential consumption remained undisturbed, and the penalty was annulled. en-us Wed, 18 Jul 2001 00:00:00 +0530 Mon, 20 Sep 2010 17:54:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50963 Modvat credit on lubricating oils and greases was held admissible where a Rule 57G declaration had already been filed, because the absence of a separate Rule 57T declaration was only a technical lapse and could not defeat substantive entitlement. Credit was also allowed on capital goods despite being taken after six months from the invoice date, as the limitation applicable to inputs did not govern capital goods for the relevant period. The demand was substantially set aside, the undisputed amount relating to residential consumption remained undisturbed, and the penalty was annulled. Case-Laws Central Excise Wed, 18 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50963