https://www.taxtmi.com/caselaws?id=95093 Modvat credit could not be denied merely because computer-generated invoices lacked pre-printed serial numbers. The Board's circular clarified that running serial numbers on such invoices do not constitute a breach of the rules, so denial of credit on that ground alone was unwarranted. The Tribunal also applied the principle that revenue authorities cannot adopt a position contrary to a binding circular. The issue was therefore decided in favour of the assessee. en-us Tue, 14 Nov 2000 00:00:00 +0530 Wed, 07 Dec 2011 17:51:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95093 Modvat credit could not be denied merely because computer-generated invoices lacked pre-printed serial numbers. The Board's circular clarified that running serial numbers on such invoices do not constitute a breach of the rules, so denial of credit on that ground alone was unwarranted. The Tribunal also applied the principle that revenue authorities cannot adopt a position contrary to a binding circular. The issue was therefore decided in favour of the assessee. Case-Laws Central Excise Tue, 14 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95093