https://www.taxtmi.com/caselaws?id=54500 Modvat credit was held admissible where the dispute concerned only non-filing of declaration under Rule 57T and a minor invoice defect, because substantive eligibility was satisfied and the procedural lapse did not justify denial; credit for the items in question was therefore allowed. Credit was, however, denied for claimed spares and accessories because the assessee failed to identify the parent machinery or its tariff classification, making the tariff-linked entry inapplicable. The penalty was also vacated to the extent credit was allowed, while the remaining denial was sustained. en-us Mon, 18 Jul 2005 00:00:00 +0530 Tue, 23 Apr 2024 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54500 Modvat credit was held admissible where the dispute concerned only non-filing of declaration under Rule 57T and a minor invoice defect, because substantive eligibility was satisfied and the procedural lapse did not justify denial; credit for the items in question was therefore allowed. Credit was, however, denied for claimed spares and accessories because the assessee failed to identify the parent machinery or its tariff classification, making the tariff-linked entry inapplicable. The penalty was also vacated to the extent credit was allowed, while the remaining denial was sustained. Case-Laws Central Excise Mon, 18 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54500