https://www.taxtmi.com/caselaws?id=99098 Modvat credit was allowed where the bill of entry was endorsed by an assessee's head office to its own manufacturing division and the goods were received in original packed condition. The endorsement was treated as an internal transfer within the same corporate entity, not as a transfer between two independent manufacturers. As the Board circular conditions were satisfied, namely receipt of the full consignment in original condition and endorsement for delivery to the manufacturing unit, credit could not be denied. The Larger Bench ruling on endorsed invoices between independent manufacturers was held inapplicable on these facts, and the Revenue's appeal failed. en-us Wed, 26 Jul 2000 00:00:00 +0530 Wed, 25 Jan 2012 11:37:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99098 Modvat credit was allowed where the bill of entry was endorsed by an assessee's head office to its own manufacturing division and the goods were received in original packed condition. The endorsement was treated as an internal transfer within the same corporate entity, not as a transfer between two independent manufacturers. As the Board circular conditions were satisfied, namely receipt of the full consignment in original condition and endorsement for delivery to the manufacturing unit, credit could not be denied. The Larger Bench ruling on endorsed invoices between independent manufacturers was held inapplicable on these facts, and the Revenue's appeal failed. Case-Laws Central Excise Wed, 26 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99098