https://www.taxtmi.com/caselaws?id=415001 The tribunal allowed Modvat Credit for goods in transit as of 31.03.2003, emphasizing that credit eligibility extended to goods purchased and in transit on the critical date, irrespective of their arrival at the factory. The decision, supported by previous judgments and circulars, highlighted that procedural lapses should not impede credit availability when goods were purchased and utilized. The appellant's evidence, including a report confirming goods in transit, influenced the tribunal's ruling, modifying the impugned order to grant the credit and allowing the appeal. en-us Thu, 18 Nov 2021 00:00:00 +0530 Wed, 24 Nov 2021 06:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415001 The tribunal allowed Modvat Credit for goods in transit as of 31.03.2003, emphasizing that credit eligibility extended to goods purchased and in transit on the critical date, irrespective of their arrival at the factory. The decision, supported by previous judgments and circulars, highlighted that procedural lapses should not impede credit availability when goods were purchased and utilized. The appellant's evidence, including a report confirming goods in transit, influenced the tribunal's ruling, modifying the impugned order to grant the credit and allowing the appeal. Case-Laws Central Excise Thu, 18 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415001