https://www.taxtmi.com/caselaws?id=50565 Modvat credit was treated as admissible where inputs were received on a prescribed invoice issued by a registered dealer under Rule 57GG. The absence of a sale document, purchase order, or separate proof of purchase and ownership was not regarded as a condition for credit because the notification required only the prescribed invoice. The Board's clarification, read with the High Court order relied on by the assessee, supported the view that the credit mechanism operated on the basis of the dealer's invoice, so the Revenue's objection on missing sale documentation was rejected. en-us Fri, 20 Apr 2001 00:00:00 +0530 Mon, 23 Aug 2010 14:07:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50565 Modvat credit was treated as admissible where inputs were received on a prescribed invoice issued by a registered dealer under Rule 57GG. The absence of a sale document, purchase order, or separate proof of purchase and ownership was not regarded as a condition for credit because the notification required only the prescribed invoice. The Board's clarification, read with the High Court order relied on by the assessee, supported the view that the credit mechanism operated on the basis of the dealer's invoice, so the Revenue's objection on missing sale documentation was rejected. Case-Laws Central Excise Fri, 20 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50565