https://www.taxtmi.com/caselaws?id=211226 Deemed Modvat credit under Notification No. 58/97-CE was treated as admissible where inputs were received under statutory invoices and the notification's substantive conditions were met. The purchaser's entitlement to credit was held not to depend on whether the input-manufacturer, operating under the compounded levy scheme, had actually discharged or finally been assessed for duty, and a declaration that duty would be discharged under Rule 96ZP(3) did not defeat credit. The controversy over the manufacturer's duty liability was treated as distinct from the recipient's credit entitlement, so denial of credit on that ground was rejected. en-us Fri, 26 Aug 2011 00:00:00 +0530 Sat, 10 Mar 2012 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211226 Deemed Modvat credit under Notification No. 58/97-CE was treated as admissible where inputs were received under statutory invoices and the notification's substantive conditions were met. The purchaser's entitlement to credit was held not to depend on whether the input-manufacturer, operating under the compounded levy scheme, had actually discharged or finally been assessed for duty, and a declaration that duty would be discharged under Rule 96ZP(3) did not defeat credit. The controversy over the manufacturer's duty liability was treated as distinct from the recipient's credit entitlement, so denial of credit on that ground was rejected. Case-Laws Central Excise Fri, 26 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211226