https://www.taxtmi.com/caselaws?id=86810 Deemed Modvat credit on aluminium alloy ingots was unavailable where the delivery challans themselves recorded that the inputs were exempt from central excise duty and had not suffered duty, so no further inquiry into the suppliers' compliance with exemption conditions was required. The Tribunal distinguished cases where such endorsements were absent and denial rested only on the deemed credit order's wording. The demand was therefore sustained. Penalty for wrong availment of deemed credit was set aside because the proviso barring such credit had produced conflicting Tribunal views and the legal position was unsettled. The appeal succeeded only in relation to the penal component. en-us Mon, 02 Jun 1997 00:00:00 +0530 Sat, 27 Aug 2011 15:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86810 Deemed Modvat credit on aluminium alloy ingots was unavailable where the delivery challans themselves recorded that the inputs were exempt from central excise duty and had not suffered duty, so no further inquiry into the suppliers' compliance with exemption conditions was required. The Tribunal distinguished cases where such endorsements were absent and denial rested only on the deemed credit order's wording. The demand was therefore sustained. Penalty for wrong availment of deemed credit was set aside because the proviso barring such credit had produced conflicting Tribunal views and the legal position was unsettled. The appeal succeeded only in relation to the penal component. Case-Laws Central Excise Mon, 02 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86810