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<h1>CEGAT Kolkata allows Modvat credit based on valid invoices; penalties revoked for dealers.</h1> The Appellate Tribunal CEGAT, Kolkata ruled in favor of the respondents, allowing them to claim Modvat credit based on the validity of the invoices issued ... Modvat - Duty paying documents The Appellate Tribunal CEGAT, Kolkata overturned the denial of Modvat credit to the respondents, stating that the invoices issued by dealers were valid for availing the credit. Penalties imposed on the dealers for issuing invoices without supplying raw materials were also overturned. The Tribunal found that the dealers' invoices were proper for Modvat credit, leading to the rejection of the Revenue's appeals.