https://www.taxtmi.com/caselaws?id=114185 Modvat credit was held available on the original invoice where the duplicate copy was lost in transit, because entitlement depended on the rule in force when credit was actually taken, not merely when the invoice was issued. As Rule 57G(2A) had come into force before the credit was claimed, the assessee could rely on it. Non-filing of the prescribed application under the trade notice was treated as a procedural requirement, and substantial compliance was accepted when the assessee offered to furnish an undertaking. The denial of credit was set aside, and credit was permitted subject to compliance with the directed undertaking. en-us Mon, 21 Jul 2003 00:00:00 +0530 Sat, 12 May 2012 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114185 Modvat credit was held available on the original invoice where the duplicate copy was lost in transit, because entitlement depended on the rule in force when credit was actually taken, not merely when the invoice was issued. As Rule 57G(2A) had come into force before the credit was claimed, the assessee could rely on it. Non-filing of the prescribed application under the trade notice was treated as a procedural requirement, and substantial compliance was accepted when the assessee offered to furnish an undertaking. The denial of credit was set aside, and credit was permitted subject to compliance with the directed undertaking. Case-Laws Central Excise Mon, 21 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114185