https://www.taxtmi.com/caselaws?id=1307 Modvat credit on capital goods was admissible where duty-paid goods were received under proper duty-paying documents and satisfied the statutory conditions for credit. The recipient could not be denied credit merely because the supplier or job worker had paid duty on a valuation that the recipient authorities considered incorrect, since they could not reassess that assessable value at the recipient's end. Credit was therefore allowed and denial of Modvat credit was not justified. en-us Mon, 25 Sep 2006 00:00:00 +0530 Mon, 14 Apr 2008 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1307 Modvat credit on capital goods was admissible where duty-paid goods were received under proper duty-paying documents and satisfied the statutory conditions for credit. The recipient could not be denied credit merely because the supplier or job worker had paid duty on a valuation that the recipient authorities considered incorrect, since they could not reassess that assessable value at the recipient's end. Credit was therefore allowed and denial of Modvat credit was not justified. Case-Laws Central Excise Mon, 25 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1307