https://www.taxtmi.com/caselaws?id=448048 MODVAT credit was held admissible where the disputed goods were duty paid, received in the factory, and used in the manufacture of dutiable final products; some items qualified as capital goods and the rest as inputs, so the distinction did not defeat entitlement. Credit could not be denied merely because the invoices omitted descriptions or part numbers, since the substantive conditions for availment were otherwise satisfied. Once credit was accepted, the basis for penalty also fell away, and the order disallowing credit and imposing penalty was set aside. en-us Tue, 09 Jan 2024 00:00:00 +0530 Thu, 11 Jan 2024 09:19:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448048 MODVAT credit was held admissible where the disputed goods were duty paid, received in the factory, and used in the manufacture of dutiable final products; some items qualified as capital goods and the rest as inputs, so the distinction did not defeat entitlement. Credit could not be denied merely because the invoices omitted descriptions or part numbers, since the substantive conditions for availment were otherwise satisfied. Once credit was accepted, the basis for penalty also fell away, and the order disallowing credit and imposing penalty was set aside. Case-Laws Central Excise Tue, 09 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448048