https://www.taxtmi.com/caselaws?id=103914 Deemed Modvat credit taken on the strength of invoices could not be denied merely because the supplier had not paid interest on delayed payment of duty on the inputs. The Tribunal treated the issue as covered by its earlier ruling that interest for delayed discharge of duty is not part of the duty itself, so the supplier's failure to pay interest did not affect the recipient's otherwise lawful credit entitlement. Any remedy for such omission lay against the supplier, not by disallowing credit to the recipient. Accordingly, the appellant's deemed Modvat credit was upheld. en-us Thu, 10 Jan 2002 00:00:00 +0530 Fri, 24 Feb 2012 18:57:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103914 Deemed Modvat credit taken on the strength of invoices could not be denied merely because the supplier had not paid interest on delayed payment of duty on the inputs. The Tribunal treated the issue as covered by its earlier ruling that interest for delayed discharge of duty is not part of the duty itself, so the supplier's failure to pay interest did not affect the recipient's otherwise lawful credit entitlement. Any remedy for such omission lay against the supplier, not by disallowing credit to the recipient. Accordingly, the appellant's deemed Modvat credit was upheld. Case-Laws Central Excise Thu, 10 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103914