https://www.taxtmi.com/caselaws?id=124167 The Appellate Tribunal CESTAT, Ahmedabad ruled in favor of the respondent, holding that they were entitled to modvat credit on inputs received during a specific period despite the discontinuation of the proforma credit facility. The Tribunal emphasized that both proforma credit and modvat credit should not be denied based on technicalities alone. As the respondents had availed both types of credit without evidence of misuse, the Tribunal dismissed the revenue's appeal, affirming the lower authorities' decisions and stressing the importance of interpreting tax laws to benefit taxpayers without unjustified denials based on procedural issues. en-us Wed, 20 Dec 2006 00:00:00 +0530 Wed, 26 Sep 2012 12:53:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124167 The Appellate Tribunal CESTAT, Ahmedabad ruled in favor of the respondent, holding that they were entitled to modvat credit on inputs received during a specific period despite the discontinuation of the proforma credit facility. The Tribunal emphasized that both proforma credit and modvat credit should not be denied based on technicalities alone. As the respondents had availed both types of credit without evidence of misuse, the Tribunal dismissed the revenue's appeal, affirming the lower authorities' decisions and stressing the importance of interpreting tax laws to benefit taxpayers without unjustified denials based on procedural issues. Case-Laws Central Excise Wed, 20 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124167