https://www.taxtmi.com/caselaws?id=91740 Imported inputs lawfully warehoused in a factory bonded warehouse and cleared on payment of customs duty and countervailing duty for manufacture under bond satisfied the statutory scheme under the Customs Act and Central Excise Rules. Modvat credit could not be denied merely because the goods were not received under a conventional duty-paying document at the time of initial warehousing, since the customs and excise procedures were to be read harmoniously. On those facts, denial of credit was unsustainable and the proceedings were correctly dropped. en-us Tue, 23 Feb 1999 00:00:00 +0530 Thu, 20 Oct 2011 15:47:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91740 Imported inputs lawfully warehoused in a factory bonded warehouse and cleared on payment of customs duty and countervailing duty for manufacture under bond satisfied the statutory scheme under the Customs Act and Central Excise Rules. Modvat credit could not be denied merely because the goods were not received under a conventional duty-paying document at the time of initial warehousing, since the customs and excise procedures were to be read harmoniously. On those facts, denial of credit was unsustainable and the proceedings were correctly dropped. Case-Laws Central Excise Tue, 23 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91740