https://www.taxtmi.com/caselaws?id=272599 Modvat credit could not be denied merely because the first-stage dealer had taken credit on original invoices and then issued invoices to the assessee. The dealer's procedural lapse was met only with penalty, and the credit standing in the dealer's account was not required to be reversed. As the invoices covered movement of duty-paid goods and the duty incidence was shown to have continued through the supply chain, the assessee's credit was not treated as based on an invalid document. Denial of the substantive Modvat benefit was therefore unjustified, and the assessee was entitled to the credit. en-us Fri, 05 May 2000 00:00:00 +0530 Wed, 09 May 2018 10:19:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272599 Modvat credit could not be denied merely because the first-stage dealer had taken credit on original invoices and then issued invoices to the assessee. The dealer's procedural lapse was met only with penalty, and the credit standing in the dealer's account was not required to be reversed. As the invoices covered movement of duty-paid goods and the duty incidence was shown to have continued through the supply chain, the assessee's credit was not treated as based on an invalid document. Denial of the substantive Modvat benefit was therefore unjustified, and the assessee was entitled to the credit. Case-Laws Central Excise Fri, 05 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272599