Modvat credit on invoice nomenclature upheld where consignee details and direct receipt of goods supported eligibility.

Modvat credit could not be denied merely because the invoices mentioned an association in the left-hand corner, where the appellant was shown as consignee in the relevant column and the association's name only indicated that orders were placed through it. The transport documents showed direct receipt of the goods from the supplier's premises, and the goods were used by the appellant in manufacture of final products. On that factual record, the basis for disallowing credit was not established, and denial of Modvat credit was held unjustified.

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Issues: Whether Modvat credit could be denied on the ground that the invoices showed the name of the association in the left-hand corner and not the appellant as consignee.

Analysis: The invoices showed the appellant as consignee under the relevant column, while the association was mentioned only to indicate that orders had been placed through it. The goods were received directly from the supplier's premises, as reflected in the transport documents, and were used by the appellant in the manufacture of final products. On the record, the factual basis for denying credit was not made out.

Conclusion: The denial of Modvat credit was not justified and the issue was decided in favour of the assessee.

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