https://www.taxtmi.com/caselaws?id=103877 Modvat credit could not be denied merely because gate passes were issued before 1-4-1994 and endorsed later, as the relevant documents remained valid for credit. The lower appellate authority had allowed the credit by following an earlier Tribunal ruling, and the Board's circular had already ed the Gujarat High Court view supporting that position. The mere pendency of reference petitions on the same issue did not justify departing from the settled interpretation. The Revenue's challenge therefore failed, and denial of credit was not sustained. en-us Thu, 03 Jan 2002 00:00:00 +0530 Fri, 24 Feb 2012 18:23:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103877 Modvat credit could not be denied merely because gate passes were issued before 1-4-1994 and endorsed later, as the relevant documents remained valid for credit. The lower appellate authority had allowed the credit by following an earlier Tribunal ruling, and the Board's circular had already ed the Gujarat High Court view supporting that position. The mere pendency of reference petitions on the same issue did not justify departing from the settled interpretation. The Revenue's challenge therefore failed, and denial of credit was not sustained. Case-Laws Central Excise Thu, 03 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103877