https://www.taxtmi.com/caselaws?id=94899 Modvat credit had to rest on the prescribed invoice and duty-paid documentation, but where the duplicate-copy practice and duty-payment reconciliation required factual verification, the denials were set aside and the matters remanded. Credit on M.S. plates was inadmissible because they did not fall within the relevant capital goods definition, while credit on lab instruments used for testing and quality-control linked processing was admissible as capital goods. The admitted balance of excess credit remained recoverable from the assessee, and penalties were left open for fresh determination after requantification. en-us Mon, 28 Aug 2000 00:00:00 +0530 Mon, 05 Dec 2011 16:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94899 Modvat credit had to rest on the prescribed invoice and duty-paid documentation, but where the duplicate-copy practice and duty-payment reconciliation required factual verification, the denials were set aside and the matters remanded. Credit on M.S. plates was inadmissible because they did not fall within the relevant capital goods definition, while credit on lab instruments used for testing and quality-control linked processing was admissible as capital goods. The admitted balance of excess credit remained recoverable from the assessee, and penalties were left open for fresh determination after requantification. Case-Laws Central Excise Mon, 28 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94899