https://www.taxtmi.com/caselaws?id=93213 Mandatory particulars in Modvat invoices, including mode of transport, vehicle registration number and time of despatch, were treated as essential for verifying receipt of goods. Because those particulars were absent, the defect was substantive rather than merely procedural, so Modvat credit and penalty were sustained against the assessee. Interest under Rule 57-I(3) could not be charged for April-May 1995 because that provision came into force only on 31-5-1995; the statutory basis for interest was not in force during the relevant period, so the interest demand was set aside. en-us Thu, 09 Dec 1999 00:00:00 +0530 Wed, 09 Nov 2011 11:21:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93213 Mandatory particulars in Modvat invoices, including mode of transport, vehicle registration number and time of despatch, were treated as essential for verifying receipt of goods. Because those particulars were absent, the defect was substantive rather than merely procedural, so Modvat credit and penalty were sustained against the assessee. Interest under Rule 57-I(3) could not be charged for April-May 1995 because that provision came into force only on 31-5-1995; the statutory basis for interest was not in force during the relevant period, so the interest demand was set aside. Case-Laws Central Excise Thu, 09 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93213