https://www.taxtmi.com/caselaws?id=119623 Deemed Modvat credit under Notification No. 58/97-C.E. could not be denied merely because the supplier's invoice omitted words stating that duty liability had been discharged under Rule 96ZP. The notification treated duty on declared inputs as deemed paid, and Rule 96ZP provided the payment mechanism for re-rolling mills with its own recovery provisions; read together, clearances were to be treated as duty paid. A purely formal defect in the invoice declaration did not defeat the credit where the notification did not expressly require that specific wording. The reference was answered in favour of the assessee. en-us Mon, 24 Apr 2006 00:00:00 +0530 Thu, 12 Jul 2012 12:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119623 Deemed Modvat credit under Notification No. 58/97-C.E. could not be denied merely because the supplier's invoice omitted words stating that duty liability had been discharged under Rule 96ZP. The notification treated duty on declared inputs as deemed paid, and Rule 96ZP provided the payment mechanism for re-rolling mills with its own recovery provisions; read together, clearances were to be treated as duty paid. A purely formal defect in the invoice declaration did not defeat the credit where the notification did not expressly require that specific wording. The reference was answered in favour of the assessee. Case-Laws Central Excise Mon, 24 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119623