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<h1>Appellate Tribunal Upholds Disallowance of Modvat Credit for Incomplete Documentation by Indian Oil</h1> The Appellate Tribunal CEGAT, New Delhi upheld the disallowance of Modvat credit due to incomplete documentation by M/s. Indian Oil Corporation, Baroda. ... Modvat/Cenvat The Appellate Tribunal CEGAT, New Delhi upheld the disallowance of Modvat credit due to incomplete documentation by M/s. Indian Oil Corporation, Baroda. The penalty of Rs. 3,000/- imposed on the appellants was set aside. The appeal was rejected.