https://www.taxtmi.com/caselaws?id=83446 Deemed Modvat credit could not be denied solely because the inputs were not purchased directly by the appellant when the materials were received from another unit for job work under delivery challans. The Tribunal noted that the goods had been purchased from the market by M/s. Jyoti Structures and sent to the appellant for processing, bringing the transaction within a transfer for job work. Relying on the Board's circular dated 1-3-1989, which recognised deemed Modvat credit in cases of both purchase and stock transfer, the Tribunal held that the department's objection was unsustainable and restored the credit. en-us Wed, 04 Aug 1993 00:00:00 +0530 Wed, 13 Jul 2011 15:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83446 Deemed Modvat credit could not be denied solely because the inputs were not purchased directly by the appellant when the materials were received from another unit for job work under delivery challans. The Tribunal noted that the goods had been purchased from the market by M/s. Jyoti Structures and sent to the appellant for processing, bringing the transaction within a transfer for job work. Relying on the Board's circular dated 1-3-1989, which recognised deemed Modvat credit in cases of both purchase and stock transfer, the Tribunal held that the department's objection was unsustainable and restored the credit. Case-Laws Central Excise Wed, 04 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83446