https://www.taxtmi.com/caselaws?id=113281 Deemed Modvat credit could not be denied merely because the input supplier was said not to have discharged the entire duty liability, where the invoices complied with the compounded levy scheme and carried the prescribed declaration. The governing notification required only the specified invoice and declaration; no further proof of actual duty payment by the supplier could be insisted upon from the recipient. On that basis, the recipients were entitled to credit, and the denial of credit with consequential penalty was unsustainable. en-us Tue, 13 Jan 2004 00:00:00 +0530 Fri, 04 May 2012 16:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113281 Deemed Modvat credit could not be denied merely because the input supplier was said not to have discharged the entire duty liability, where the invoices complied with the compounded levy scheme and carried the prescribed declaration. The governing notification required only the specified invoice and declaration; no further proof of actual duty payment by the supplier could be insisted upon from the recipient. On that basis, the recipients were entitled to credit, and the denial of credit with consequential penalty was unsustainable. Case-Laws Central Excise Tue, 13 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113281