https://www.taxtmi.com/caselaws?id=776145 MODVAT credit was denied where the goods were said to have been bought on a high sea sale basis, but the Bills of Entry remained in the original importer's name and the transaction was not proved by supporting customs documents. The Court noted that admissible credit under the MODVAT regime depends on proper duty-paying documents and a valid transfer of title, including endorsement of the Bill of Entry or compliance with customs formalities by the buyer. As the record showed payment of customs duty and port charges by the original importers and no genuine transfer was established, the disallowance of credit was upheld. en-us Wed, 23 Jul 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776145 MODVAT credit was denied where the goods were said to have been bought on a high sea sale basis, but the Bills of Entry remained in the original importer's name and the transaction was not proved by supporting customs documents. The Court noted that admissible credit under the MODVAT regime depends on proper duty-paying documents and a valid transfer of title, including endorsement of the Bill of Entry or compliance with customs formalities by the buyer. As the record showed payment of customs duty and port charges by the original importers and no genuine transfer was established, the disallowance of credit was upheld. Case-Laws Central Excise Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776145