https://www.taxtmi.com/caselaws?id=117922 Modvat credit could not be denied on the basis of an uncorroborated oral statement where contemporaneous records showed receipt of rejected door trims for repair, remaking, and subsequent clearance on payment of duty. The documentary entries directly supported the assessee's version and contradicted the claim that the materials had been destroyed as unusable. The stated principle is that such a statement cannot be preferred over reliable contemporaneous records, and on that basis the credit denial was held unsustainable. en-us Fri, 10 Feb 2006 00:00:00 +0530 Wed, 27 Jun 2012 13:40:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117922 Modvat credit could not be denied on the basis of an uncorroborated oral statement where contemporaneous records showed receipt of rejected door trims for repair, remaking, and subsequent clearance on payment of duty. The documentary entries directly supported the assessee's version and contradicted the claim that the materials had been destroyed as unusable. The stated principle is that such a statement cannot be preferred over reliable contemporaneous records, and on that basis the credit denial was held unsustainable. Case-Laws Central Excise Fri, 10 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117922