https://www.taxtmi.com/caselaws?id=116022 The Tribunal granted waiver of pre-deposit and stay of recovery for the entire duty and penalty amount in a case concerning the denial of Modvat credit due to the use of endorsed invoices instead of invoices directly from suppliers. The judgment emphasized the necessity of complying with specific requirements for claiming Modvat credit and clarified that registration with the department for issuing Modvat invoices was not mandatory during the relevant period. The decision recognized the appellants' correct adherence to the Modvat credit process and the amount already deposited with the department. en-us Fri, 13 May 2005 00:00:00 +0530 Wed, 06 Jun 2012 15:40:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116022 The Tribunal granted waiver of pre-deposit and stay of recovery for the entire duty and penalty amount in a case concerning the denial of Modvat credit due to the use of endorsed invoices instead of invoices directly from suppliers. The judgment emphasized the necessity of complying with specific requirements for claiming Modvat credit and clarified that registration with the department for issuing Modvat invoices was not mandatory during the relevant period. The decision recognized the appellants' correct adherence to the Modvat credit process and the amount already deposited with the department. Case-Laws Central Excise Fri, 13 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116022