https://www.taxtmi.com/caselaws?id=115936 The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant in a dispute over Modvat credit for furnace oil. The appellant's claim was disallowed due to alleged receipt of lesser quantity than invoiced, based on a temperature variation allowance. The Tribunal held that such allowances should not affect credit entitlement if not factored into central excise duty calculation. Relying on Modvat Rules and precedent, the Tribunal rejected the Revenue's appeal, affirming the appellant's right to credit equal to duty paid on consignments. The judgment clarified that deductions not considered in duty assessment should not impact credit availability. en-us Thu, 17 Feb 2005 00:00:00 +0530 Tue, 05 Jun 2012 17:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115936 The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant in a dispute over Modvat credit for furnace oil. The appellant's claim was disallowed due to alleged receipt of lesser quantity than invoiced, based on a temperature variation allowance. The Tribunal held that such allowances should not affect credit entitlement if not factored into central excise duty calculation. Relying on Modvat Rules and precedent, the Tribunal rejected the Revenue's appeal, affirming the appellant's right to credit equal to duty paid on consignments. The judgment clarified that deductions not considered in duty assessment should not impact credit availability. Case-Laws Central Excise Thu, 17 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115936