https://www.taxtmi.com/caselaws?id=338094 Endorsed invoices ceased to be valid duty paying documents for availing MODVAT or CENVAT credit after the relevant statutory changes, so credit taken on that basis was inadmissible and the denial of credit was upheld. Penalty was nevertheless set aside because the dispute had been shaped by conflicting decisions and later authoritative rulings, making the imposition of penalty unwarranted on the facts. The result was partial relief: the credit disallowance remained, but the penal consequence was removed. en-us Fri, 02 Dec 2016 00:00:00 +0530 Fri, 29 Sep 2017 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338094 Endorsed invoices ceased to be valid duty paying documents for availing MODVAT or CENVAT credit after the relevant statutory changes, so credit taken on that basis was inadmissible and the denial of credit was upheld. Penalty was nevertheless set aside because the dispute had been shaped by conflicting decisions and later authoritative rulings, making the imposition of penalty unwarranted on the facts. The result was partial relief: the credit disallowance remained, but the penal consequence was removed. Case-Laws Central Excise Fri, 02 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338094