https://www.taxtmi.com/caselaws?id=176732 The Tribunal allowed certain MODVAT credits totaling Rs. 69,754.87, rejecting Revenue's claims on timing of credit availed and use of certified photocopies. However, it disallowed Rs. 31,087.30 deemed credit on copper wire, requiring material to be scrap. The matter of Rs. 2,54,805.77 credit on unendorsed GP-1 was remanded for verification, while minor lapses in accounting did not lead to credit denial. Rs. 13,823/- credit for material pre-GP-1 issuance was upheld. The judgment balanced appellant's arguments and Revenue's stance, providing a detailed analysis for each credit disallowed. en-us Tue, 10 Mar 2015 00:00:00 +0530 Mon, 28 Dec 2015 20:19:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176732 The Tribunal allowed certain MODVAT credits totaling Rs. 69,754.87, rejecting Revenue's claims on timing of credit availed and use of certified photocopies. However, it disallowed Rs. 31,087.30 deemed credit on copper wire, requiring material to be scrap. The matter of Rs. 2,54,805.77 credit on unendorsed GP-1 was remanded for verification, while minor lapses in accounting did not lead to credit denial. Rs. 13,823/- credit for material pre-GP-1 issuance was upheld. The judgment balanced appellant's arguments and Revenue's stance, providing a detailed analysis for each credit disallowed. Case-Laws Central Excise Tue, 10 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176732