https://www.taxtmi.com/caselaws?id=52223 Modvat credit on hydrogen and chlorine gas cylinders was denied because, during the relevant period, Rule 57Q capital goods coverage had changed and the cylinders under sub-heading 7311.00 did not fall within the applicable definition. Credit on Maleic Resins and similar items was allowed because they were treated as inputs, the declaration under Rule 57Q had been filed, and a mistaken entry in the wrong register was treated as a curable procedural error that did not defeat substantive entitlement. The penalty was found excessive in light of the mixed credit position and was reduced to Rs. 1 lakh. en-us Wed, 23 Apr 2003 00:00:00 +0530 Mon, 04 Oct 2010 12:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52223 Modvat credit on hydrogen and chlorine gas cylinders was denied because, during the relevant period, Rule 57Q capital goods coverage had changed and the cylinders under sub-heading 7311.00 did not fall within the applicable definition. Credit on Maleic Resins and similar items was allowed because they were treated as inputs, the declaration under Rule 57Q had been filed, and a mistaken entry in the wrong register was treated as a curable procedural error that did not defeat substantive entitlement. The penalty was found excessive in light of the mixed credit position and was reduced to Rs. 1 lakh. Case-Laws Central Excise Wed, 23 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52223