https://www.taxtmi.com/caselaws?id=121504 Modvat credit remained admissible where the supplier had paid duty on the original invoiced value and no refund had been claimed, even though the input value was later reduced by debit notes. The reduced transaction value affected the duty that might otherwise have been payable, but it did not displace the factual basis that duty had already been discharged on the inputs received by the assessee. Since Rule 57A allowed credit of duty paid by the input manufacturer, the assessee could not be denied credit merely because the price was revised downward after clearance. en-us Wed, 14 Mar 2007 00:00:00 +0530 Tue, 31 Jul 2012 11:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121504 Modvat credit remained admissible where the supplier had paid duty on the original invoiced value and no refund had been claimed, even though the input value was later reduced by debit notes. The reduced transaction value affected the duty that might otherwise have been payable, but it did not displace the factual basis that duty had already been discharged on the inputs received by the assessee. Since Rule 57A allowed credit of duty paid by the input manufacturer, the assessee could not be denied credit merely because the price was revised downward after clearance. Case-Laws Central Excise Wed, 14 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121504