Modvat credit on composite invoices upheld, while credit based on xerox copies was denied for lack of admissible duty documents.

Modvat credit was treated as admissible where the dealer's invoice, read together with the manufacturer's endorsed invoice, contained the necessary particulars of the excisable goods, the manufacturer, and duty payment, and the lower authorities had not identified any defect in the supporting documents. The composite set of documents satisfied the notification requirements. Credit taken on xerox copies of invoices was not supported by admissible duty-paying documents, so denial of credit for that portion was upheld.

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Issues: Whether Modvat credit was admissible on the basis of the dealer's invoice supported by the manufacturer's endorsed invoice, and whether credit taken on xerox copies of invoices was correctly denied.

Analysis: The credit dispute was not confined to a mere endorsed manufacturer's invoice; the document set consisted of the dealer's invoice together with the endorsed manufacturer's invoice, and the dealer's invoice contained the necessary particulars of the excisable goods, the manufacturer, and the duty paid. The lower authorities had not shown any ineligibility in the dealer's invoice or challan, and the composite document satisfied the requirements of the governing notification. The credit taken on xerox copies, however, was not supported by admissible duty-paying documents.

Conclusion: Credit was admissible for the balance amount covered by the dealer's invoice and endorsed manufacturer's invoice, but denial of credit to the extent taken on xerox copies was upheld.

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