https://www.taxtmi.com/caselaws?id=201432 Modvat credit on capital goods could not be denied merely because the goods were imported by another entity, where the bill of entry was endorsed in favour of the assessee. Ownership of the goods was not treated as decisive for denying credit, and the endorsed bill of entry supported the assessee's entitlement. On that basis, the ground for denial did not survive, and credit was held admissible. en-us Mon, 08 Feb 2010 00:00:00 +0530 Fri, 07 Jan 2011 23:14:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201432 Modvat credit on capital goods could not be denied merely because the goods were imported by another entity, where the bill of entry was endorsed in favour of the assessee. Ownership of the goods was not treated as decisive for denying credit, and the endorsed bill of entry supported the assessee's entitlement. On that basis, the ground for denial did not survive, and credit was held admissible. Case-Laws Central Excise Mon, 08 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201432