https://www.taxtmi.com/caselaws?id=118946 Modvat credit was not admissible on the strength of an endorsed bill of entry because Rule 57G(3) required a valid prescribed duty paying document, and the Larger Bench view applied that such endorsed documents were not valid for the relevant period after 1 April 1994. The earlier contrary decisions were distinguished on their facts, and the circular-based relief accepted in those matters was held inapplicable here, so denial of credit was sustained. Although the credit claim failed, the Tribunal found the facts insufficient to justify a penal consequence, so the penalty was set aside. en-us Wed, 30 Nov 2005 00:00:00 +0530 Fri, 06 Jul 2012 18:22:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118946 Modvat credit was not admissible on the strength of an endorsed bill of entry because Rule 57G(3) required a valid prescribed duty paying document, and the Larger Bench view applied that such endorsed documents were not valid for the relevant period after 1 April 1994. The earlier contrary decisions were distinguished on their facts, and the circular-based relief accepted in those matters was held inapplicable here, so denial of credit was sustained. Although the credit claim failed, the Tribunal found the facts insufficient to justify a penal consequence, so the penalty was set aside. Case-Laws Central Excise Wed, 30 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118946