https://www.taxtmi.com/caselaws?id=108182 Modvat credit on inputs could not be reduced or denied merely because the buyer later issued debit notes to the supplier after finding that the supplier had charged a higher price than the purchase order price. The Tribunal treated the credit as validly taken on the strength of proper documents and held that a later price adjustment between buyer and supplier did not alter the duty already paid on the inputs. On that basis, the denial of Modvat credit was unsustainable and the assessee succeeded. en-us Tue, 08 Jan 2002 00:00:00 +0530 Fri, 30 Mar 2012 14:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108182 Modvat credit on inputs could not be reduced or denied merely because the buyer later issued debit notes to the supplier after finding that the supplier had charged a higher price than the purchase order price. The Tribunal treated the credit as validly taken on the strength of proper documents and held that a later price adjustment between buyer and supplier did not alter the duty already paid on the inputs. On that basis, the denial of Modvat credit was unsustainable and the assessee succeeded. Case-Laws Central Excise Tue, 08 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108182