https://www.taxtmi.com/caselaws?id=33482 Modvat credit on capital goods could not be denied where the goods were purchased from a manufacturing unit, making Rule 57R(3)(ii)(b) inapplicable on the admitted facts. Credit taken on the strength of the invoice was upheld because receipt of the goods was not disputed. The Court also treated the procedural lapse in following the prescribed process as insufficient to defeat credit, since duty had been paid and the Revenue suffered no loss. The assessee's entitlement to Modvat credit was therefore sustained. en-us Fri, 23 Jan 2009 00:00:00 +0530 Mon, 18 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33482 Modvat credit on capital goods could not be denied where the goods were purchased from a manufacturing unit, making Rule 57R(3)(ii)(b) inapplicable on the admitted facts. Credit taken on the strength of the invoice was upheld because receipt of the goods was not disputed. The Court also treated the procedural lapse in following the prescribed process as insufficient to defeat credit, since duty had been paid and the Revenue suffered no loss. The assessee's entitlement to Modvat credit was therefore sustained. Case-Laws Central Excise Fri, 23 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33482