https://www.taxtmi.com/caselaws?id=85544 Modvat credit on the basis of an attested gate pass could not be denied merely because the certified copy was used after receipt of the inputs. The material date was the receipt of inputs, not the later entry of credit in the records. An indemnity bond was required only where credit was claimed before receipt of the attested copy, not where the certified document was already available. A subsequent Board circular withdrawing the could not override the earlier procedure permitting such credit. The rejection of credit on that ground was unsustainable, and the matter was to be examined in accordance with the earlier directions. en-us Wed, 24 Jul 1996 00:00:00 +0530 Fri, 05 Aug 2011 17:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85544 Modvat credit on the basis of an attested gate pass could not be denied merely because the certified copy was used after receipt of the inputs. The material date was the receipt of inputs, not the later entry of credit in the records. An indemnity bond was required only where credit was claimed before receipt of the attested copy, not where the certified document was already available. A subsequent Board circular withdrawing the could not override the earlier procedure permitting such credit. The rejection of credit on that ground was unsustainable, and the matter was to be examined in accordance with the earlier directions. Case-Laws Customs Wed, 24 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85544