https://www.taxtmi.com/caselaws?id=3645 Modvat credit on inputs remained admissible where the duty paid on the goods was undisputed and no refund of that duty to the supplier was shown. A later reduction in the purchase price through debit notes for a quality difference was only a commercial adjustment and did not alter the duty already paid on the inputs. The rule and departmental circular relied on by Revenue applied to situations involving refund of duty to the manufacturer of inputs, not to mere price reduction without any corresponding duty refund. Accordingly, credit could not be reduced on the basis of the debit notes. en-us Thu, 29 Nov 2007 00:00:00 +0530 Mon, 21 Apr 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3645 Modvat credit on inputs remained admissible where the duty paid on the goods was undisputed and no refund of that duty to the supplier was shown. A later reduction in the purchase price through debit notes for a quality difference was only a commercial adjustment and did not alter the duty already paid on the inputs. The rule and departmental circular relied on by Revenue applied to situations involving refund of duty to the manufacturer of inputs, not to mere price reduction without any corresponding duty refund. Accordingly, credit could not be reduced on the basis of the debit notes. Case-Laws Central Excise Thu, 29 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3645