Modvat credit on dealer-issued invoices was admissible where invoice particulars met notification requirements and dealer appointment was unnecessary.

Modvat credit was admissible on dealer-issued invoices endorsed from the manufacturer's invoices where the invoices contained the particulars required by Notification No. 15/94-C.E. (N.T.). The Tribunal treated such dealer invoices as valid documents for Modvat purposes at the relevant time and held that a separate appointment of the dealer by the manufacturer was not necessary on the facts. The disallowance of credit was therefore unsustainable, and the assessee succeeded.

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Issues: Whether Modvat credit was admissible on the basis of dealer-issued invoices endorsed from the manufacturer's invoices under Notification No. 15/94-C.E. (N.T.).

Analysis: The credit was supported not only by the original manufacturer's invoices but also by dealer-issued invoices containing the particulars required by Notification No. 15/94-C.E. (N.T.). Such invoices were valid documents for Modvat purposes at the relevant time. The Tribunal held that dealer invoices satisfying the notification requirements were admissible for credit, and that a specific appointment of the dealer by the manufacturer was not necessary in the factual context.

Conclusion: The credit was admissible and the disallowance was unsustainable; the decision was in favour of the assessee.

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