https://www.taxtmi.com/caselaws?id=113743 The Tribunal rejected the Revenue's appeal and ruled in favor of the respondents, emphasizing the importance of evidence in determining the validity of modvat credit claims. The decision was based on the dismissal of allegations against M/s. Calcutta Trades Corporation (CTC) by the Tribunal and High Court, leading to the conclusion that the respondents, as beneficiaries of CTC's invoices, should not be penalized for irregularities in CTC's invoices. The Tribunal highlighted the need to consider evidence of input receipt along with invoices in such cases. en-us Fri, 11 Apr 2003 00:00:00 +0530 Tue, 08 May 2012 12:00:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113743 The Tribunal rejected the Revenue's appeal and ruled in favor of the respondents, emphasizing the importance of evidence in determining the validity of modvat credit claims. The decision was based on the dismissal of allegations against M/s. Calcutta Trades Corporation (CTC) by the Tribunal and High Court, leading to the conclusion that the respondents, as beneficiaries of CTC's invoices, should not be penalized for irregularities in CTC's invoices. The Tribunal highlighted the need to consider evidence of input receipt along with invoices in such cases. Case-Laws Central Excise Fri, 11 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113743