https://www.taxtmi.com/caselaws?id=175430 MODVAT credit on inputs could not be denied or reduced merely because the supplier later issued debit notes and the contract price was adjusted downward. The duty had already been paid by the supplier and was reflected in the duty-paying documents used for credit; there was no reopening of the supplier's assessment or refund of excess duty. The recipient's credit entitlement could not be varied by reassessing the supplier's duty liability at the buyer's end. Credit therefore remained available to the extent of the duty shown in the documents. en-us Tue, 03 Dec 2002 00:00:00 +0530 Fri, 20 Nov 2015 17:46:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175430 MODVAT credit on inputs could not be denied or reduced merely because the supplier later issued debit notes and the contract price was adjusted downward. The duty had already been paid by the supplier and was reflected in the duty-paying documents used for credit; there was no reopening of the supplier's assessment or refund of excess duty. The recipient's credit entitlement could not be varied by reassessing the supplier's duty liability at the buyer's end. Credit therefore remained available to the extent of the duty shown in the documents. Case-Laws Central Excise Tue, 03 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175430