https://www.taxtmi.com/caselaws?id=94428 Book adjustment on stock transfer advice notes may constitute payment and can amount to a sale, so entitlement to Modvat credit depended on verification of whether such book transfers actually occurred. Because the factual position had to be examined by the original authority, the assessee was to be given an opportunity to adduce further evidence. The matter was remanded for de novo consideration, and the claim to Modvat credit was left to be determined on the basis of that factual inquiry. en-us Fri, 02 Jul 1999 00:00:00 +0530 Tue, 22 Nov 2011 13:32:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94428 Book adjustment on stock transfer advice notes may constitute payment and can amount to a sale, so entitlement to Modvat credit depended on verification of whether such book transfers actually occurred. Because the factual position had to be examined by the original authority, the assessee was to be given an opportunity to adduce further evidence. The matter was remanded for de novo consideration, and the claim to Modvat credit was left to be determined on the basis of that factual inquiry. Case-Laws Central Excise Fri, 02 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94428