https://www.taxtmi.com/caselaws?id=32038 Modvat credit is supportable where contemporaneous records and corroborative evidence establish actual receipt and use of inputs in manufacture; denial cannot rest on isolated discrepancies such as vehicle numbers when the documentary and testimonial record is consistent. On that basis, reversal of credit and consequential penalties were found unsustainable, and the assessee's challenge succeeded. en-us Fri, 13 Jun 2008 00:00:00 +0530 Sat, 10 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32038 Modvat credit is supportable where contemporaneous records and corroborative evidence establish actual receipt and use of inputs in manufacture; denial cannot rest on isolated discrepancies such as vehicle numbers when the documentary and testimonial record is consistent. On that basis, reversal of credit and consequential penalties were found unsustainable, and the assessee's challenge succeeded. Case-Laws Central Excise Fri, 13 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32038