https://www.taxtmi.com/caselaws?id=103965 Modvat credit on scrap inputs was held inadmissible because the manufacturer failed to prove actual receipt of the inputs in the factory and their use in the manufacture of steel ingots. The transport documents were disowned by the named transporters, two transport agencies were found non-existent, and no reliable transport or corroborative evidence was produced to establish movement of goods. There was also no satisfactory correlation between the alleged scrap inputs and the finished ingots recorded in the books, and the claim of payment by cheque or draft was not substantiated. The ruling confirms that actual receipt and utilisation of inputs are necessary conditions for Modvat credit. en-us Thu, 31 Jan 2002 00:00:00 +0530 Sat, 25 Feb 2012 12:00:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103965 Modvat credit on scrap inputs was held inadmissible because the manufacturer failed to prove actual receipt of the inputs in the factory and their use in the manufacture of steel ingots. The transport documents were disowned by the named transporters, two transport agencies were found non-existent, and no reliable transport or corroborative evidence was produced to establish movement of goods. There was also no satisfactory correlation between the alleged scrap inputs and the finished ingots recorded in the books, and the claim of payment by cheque or draft was not substantiated. The ruling confirms that actual receipt and utilisation of inputs are necessary conditions for Modvat credit. Case-Laws Central Excise Thu, 31 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103965