https://www.taxtmi.com/caselaws?id=119062 The Tribunal set aside the denial of Modvat credit and penalty imposition in favor of the appellant. The appellant's argument that the inputs were purchased directly from the consignment agent of TISCO or under endorsed invoices was accepted. The Tribunal found no dispute regarding the duty paid nature of the inputs or the appellant's eligibility for credit, citing a previous decision and a circular emphasizing proper inquiry before denial of credit. As the denial was deemed unjustified, the Tribunal allowed the appeal and granted any necessary relief to the appellant. en-us Wed, 15 Feb 2006 00:00:00 +0530 Sat, 07 Jul 2012 17:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119062 The Tribunal set aside the denial of Modvat credit and penalty imposition in favor of the appellant. The appellant's argument that the inputs were purchased directly from the consignment agent of TISCO or under endorsed invoices was accepted. The Tribunal found no dispute regarding the duty paid nature of the inputs or the appellant's eligibility for credit, citing a previous decision and a circular emphasizing proper inquiry before denial of credit. As the denial was deemed unjustified, the Tribunal allowed the appeal and granted any necessary relief to the appellant. Case-Laws Central Excise Wed, 15 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119062