https://www.taxtmi.com/caselaws?id=104961 Modvat credit was denied because the supporting invoice stood in the name of a person other than the assessee, and the defect was not treated as a mere technical irregularity. The tribunal precedent in M/s. Prashanth Chemicals Ltd. was applied to require invoices to be in the assessee's name for valid credit under Rules 57G and 57H. As the assessee failed to produce sufficient evidence to cure the discrepancy, the disallowance was sustained. Penalty and interest imposed for wrongful availment of credit were also upheld. en-us Fri, 09 Aug 2002 00:00:00 +0530 Thu, 01 Mar 2012 18:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104961 Modvat credit was denied because the supporting invoice stood in the name of a person other than the assessee, and the defect was not treated as a mere technical irregularity. The tribunal precedent in M/s. Prashanth Chemicals Ltd. was applied to require invoices to be in the assessee's name for valid credit under Rules 57G and 57H. As the assessee failed to produce sufficient evidence to cure the discrepancy, the disallowance was sustained. Penalty and interest imposed for wrongful availment of credit were also upheld. Case-Laws Central Excise Fri, 09 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104961