https://www.taxtmi.com/caselaws?id=116235 MODVAT credit was available where imported goods were transferred before Customs clearance and the Bill of Entry was duly endorsed by the proper Customs authority in terms of the governing Board circular. The circular permitted endorsement of the Bill of Entry so that the manufacturing unit could avail credit in such cases. Because the goods were transferred prior to clearance and the required endorsement was present, the endorsed Bill of Entry satisfied the prescribed condition for credit. Credit could not therefore be denied merely because it was taken on the strength of the endorsed Bill of Entry. en-us Thu, 21 Apr 2005 00:00:00 +0530 Sat, 09 Jun 2012 11:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116235 MODVAT credit was available where imported goods were transferred before Customs clearance and the Bill of Entry was duly endorsed by the proper Customs authority in terms of the governing Board circular. The circular permitted endorsement of the Bill of Entry so that the manufacturing unit could avail credit in such cases. Because the goods were transferred prior to clearance and the required endorsement was present, the endorsed Bill of Entry satisfied the prescribed condition for credit. Credit could not therefore be denied merely because it was taken on the strength of the endorsed Bill of Entry. Case-Laws Central Excise Thu, 21 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116235