https://www.taxtmi.com/caselaws?id=265100 Endorsed invoices were treated as valid documents for MODVAT credit where duty-paid inputs were actually received in the factory and used in manufacture. The Court regarded the requirement that inputs be covered by prescribed documents as procedural rather than substantive, so credit could not be denied merely because the invoice was not originally issued in the assessee's name. Since the genuineness of the transaction and duty payment were not disputed, the manufacturer's endorsement cured the defect. The decision reinforces that MODVAT is a duty-credit mechanism and that technical non-compliance should not defeat a genuine credit claim. en-us Tue, 29 Sep 2015 00:00:00 +0530 Thu, 25 Feb 2016 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265100 Endorsed invoices were treated as valid documents for MODVAT credit where duty-paid inputs were actually received in the factory and used in manufacture. The Court regarded the requirement that inputs be covered by prescribed documents as procedural rather than substantive, so credit could not be denied merely because the invoice was not originally issued in the assessee's name. Since the genuineness of the transaction and duty payment were not disputed, the manufacturer's endorsement cured the defect. The decision reinforces that MODVAT is a duty-credit mechanism and that technical non-compliance should not defeat a genuine credit claim. Case-Laws Central Excise Tue, 29 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265100