https://www.taxtmi.com/caselaws?id=51445 Modvat credit on imported capital goods was held admissible where the goods fell under Heading 8441, were used in paper manufacture, and were covered by existing declarations under Rule 57T; credit could not be denied merely because every detail was not fully set out. Because the credit was valid, reversal of credit, interest and penalty on the manufacturer under Rule 57U and Rule 173Q(1)(bb) could not stand. Penalty on the transport company under Rule 209A also failed because no sufficient independent basis linked it to confiscation or comparable liability. The adverse order was therefore set aside and the assessees succeeded. en-us Fri, 01 Mar 2002 00:00:00 +0530 Fri, 24 Sep 2010 18:05:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51445 Modvat credit on imported capital goods was held admissible where the goods fell under Heading 8441, were used in paper manufacture, and were covered by existing declarations under Rule 57T; credit could not be denied merely because every detail was not fully set out. Because the credit was valid, reversal of credit, interest and penalty on the manufacturer under Rule 57U and Rule 173Q(1)(bb) could not stand. Penalty on the transport company under Rule 209A also failed because no sufficient independent basis linked it to confiscation or comparable liability. The adverse order was therefore set aside and the assessees succeeded. Case-Laws Central Excise Fri, 01 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51445