https://www.taxtmi.com/caselaws?id=88302 Modvat credit was treated as admissible on gate passes endorsed after 31-3-1994 up to 30-6-1994 under Notification No. 16/94 and Rule 224C of the Central Excise Rules, 1944. The Tribunal declined the Revenue's argument that the earlier ruling was per incuriam for not considering Rule 224C, and followed the earlier Tribunal decision on eligibility. It also stated that the Sale of Goods Act, 1930 and the Transfer of Property Act, 1882 were not relevant to entitlement to Modvat credit, because Central Excise law operates as an independent code with its own rules. en-us Thu, 08 Jan 1998 00:00:00 +0530 Fri, 16 Sep 2011 17:08:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88302 Modvat credit was treated as admissible on gate passes endorsed after 31-3-1994 up to 30-6-1994 under Notification No. 16/94 and Rule 224C of the Central Excise Rules, 1944. The Tribunal declined the Revenue's argument that the earlier ruling was per incuriam for not considering Rule 224C, and followed the earlier Tribunal decision on eligibility. It also stated that the Sale of Goods Act, 1930 and the Transfer of Property Act, 1882 were not relevant to entitlement to Modvat credit, because Central Excise law operates as an independent code with its own rules. Case-Laws Central Excise Thu, 08 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88302