https://www.taxtmi.com/caselaws?id=89031 Where Modvat credit and exemption under Notification No. 202/88 are claimed simultaneously, separate records for duty-paid inputs and open-market inputs are mandatory to enable segregation and departmental verification. The absence of such records is not treated as a mere technical lapse, and a later attempt to reconstruct entries from daily journals is insufficient. Non-compliance with the prescribed record-keeping procedure therefore disentitles the claimant to the exemption. en-us Tue, 28 Apr 1998 00:00:00 +0530 Thu, 22 Sep 2011 18:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89031 Where Modvat credit and exemption under Notification No. 202/88 are claimed simultaneously, separate records for duty-paid inputs and open-market inputs are mandatory to enable segregation and departmental verification. The absence of such records is not treated as a mere technical lapse, and a later attempt to reconstruct entries from daily journals is insufficient. Non-compliance with the prescribed record-keeping procedure therefore disentitles the claimant to the exemption. Case-Laws Central Excise Tue, 28 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89031