https://www.taxtmi.com/caselaws?id=3123 Modvat credit under Notification No. 58/97-C.E. was available only where specified inputs were received directly from the manufacturer under an invoice showing duty payment and where the invoice price was paid in the prescribed manner. The explanation requiring direct payment by cheque, draft, or banker's cheque from the final product manufacturer's own bank account was treated as mandatory, not merely procedural. Because these express payment conditions were not met, the exemption benefit could not be extended and credit was denied. The notification was therefore strictly construed, and non-compliance with its conditions disentitled the assessee to Modvat credit. en-us Fri, 07 Sep 2007 00:00:00 +0530 Wed, 16 Apr 2008 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3123 Modvat credit under Notification No. 58/97-C.E. was available only where specified inputs were received directly from the manufacturer under an invoice showing duty payment and where the invoice price was paid in the prescribed manner. The explanation requiring direct payment by cheque, draft, or banker's cheque from the final product manufacturer's own bank account was treated as mandatory, not merely procedural. Because these express payment conditions were not met, the exemption benefit could not be extended and credit was denied. The notification was therefore strictly construed, and non-compliance with its conditions disentitled the assessee to Modvat credit. Case-Laws Central Excise Fri, 07 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3123