Appeal allowed for restoration of Modvat credit based on valid subsidiary gate passes

The appeal was allowed, directing the restoration of the Modvat credit that was initially rejected based on subsidiary gate passes issued by the Proper Officer in the appellant's name. The appellate tribunal deemed the subsidiary gate passes, issued on the basis of SAIL stockyard challans recognized as equivalent to gate passes by the Board, to be valid.

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The appeal was against the rejection of Modvat credit based on subsidiary gate passes issued by the Proper Officer in the name of the appellant. The appellate tribunal found the subsidiary gate passes, issued on the basis of SAIL stockyard challans recognized as equivalent to gate passes by the Board, to be valid. The appeal was allowed, directing the restoration of the credit.

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