https://www.taxtmi.com/caselaws?id=114822 Modvat credit remained admissible where inputs were lawfully sent to a job worker under the prescribed procedure and returned goods suffered duty without the job worker having taken credit on the inputs. The Tribunal rejected the contention that the duty paid by the job worker was merely a deposit, holding that the amount had been paid to the exchequer on manufactured goods and that the manufacturer had not taken double credit on the same inputs. Credit on the strength of the prescribed challan and duty payment was therefore in accordance with the rules, and the demand and penalty were unsustainable. en-us Fri, 10 Dec 2004 00:00:00 +0530 Mon, 21 May 2012 14:28:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114822 Modvat credit remained admissible where inputs were lawfully sent to a job worker under the prescribed procedure and returned goods suffered duty without the job worker having taken credit on the inputs. The Tribunal rejected the contention that the duty paid by the job worker was merely a deposit, holding that the amount had been paid to the exchequer on manufactured goods and that the manufacturer had not taken double credit on the same inputs. Credit on the strength of the prescribed challan and duty payment was therefore in accordance with the rules, and the demand and penalty were unsustainable. Case-Laws Central Excise Fri, 10 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114822