https://www.taxtmi.com/caselaws?id=201493 The court denied the petitioner's claim for Modvat credit based on fictitious transactions involving non-existing manufacturers. Despite the petitioner's argument of no collusion with the original consignors, the court emphasized that Modvat credit can only be claimed for goods on which excise duty has been paid. As the alleged manufacturers were fictitious and had not paid any excise duty, the petitioner was not entitled to the credit. The court upheld the decision, stressing the importance of genuine transactions and excise duty payment for claiming Modvat credit. en-us Wed, 24 Sep 2008 00:00:00 +0530 Tue, 11 Jan 2011 19:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201493 The court denied the petitioner's claim for Modvat credit based on fictitious transactions involving non-existing manufacturers. Despite the petitioner's argument of no collusion with the original consignors, the court emphasized that Modvat credit can only be claimed for goods on which excise duty has been paid. As the alleged manufacturers were fictitious and had not paid any excise duty, the petitioner was not entitled to the credit. The court upheld the decision, stressing the importance of genuine transactions and excise duty payment for claiming Modvat credit. Case-Laws Central Excise Wed, 24 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201493