https://www.taxtmi.com/caselaws?id=47928 A fiscal notification allowing Modvat credit was strictly construed to limit eligibility to gate passes issued before 1-4-1994, with credit also required to be taken by 30-6-1994. The court treated both the document issue date and the credit-taking deadline as mandatory concurrent conditions, and held that an endorsement could not expand the prescribed class of valid duty-paying documents to include gate passes issued after the cut-off date. Accordingly, an endorsed gate pass issued after 1-4-1994 was not a valid basis for Modvat credit. en-us Thu, 27 Jul 2006 00:00:00 +0530 Sat, 31 Jul 2010 16:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47928 A fiscal notification allowing Modvat credit was strictly construed to limit eligibility to gate passes issued before 1-4-1994, with credit also required to be taken by 30-6-1994. The court treated both the document issue date and the credit-taking deadline as mandatory concurrent conditions, and held that an endorsement could not expand the prescribed class of valid duty-paying documents to include gate passes issued after the cut-off date. Accordingly, an endorsed gate pass issued after 1-4-1994 was not a valid basis for Modvat credit. Case-Laws Central Excise Thu, 27 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47928