https://www.taxtmi.com/caselaws?id=50634 Modvat credit could not be denied merely because input invoices stood in the name of loan-licensees where the assessee contended that those loan-licensees used the inputs in manufacture. The department did not rebut that contention with material, and the record did not show any misuse of the scheme by the assessee. In excise law, more than one manufacturer may operate in the same factory, and a loan-licensee may utilise Modvat credit for duty on goods manufactured by it. On that reasoning, denial of credit was held unsustainable, the impugned order was set aside, and the appeal was allowed, with liberty to proceed against the person who actually utilised the credit. en-us Mon, 25 Jun 2001 00:00:00 +0530 Wed, 25 Aug 2010 10:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50634 Modvat credit could not be denied merely because input invoices stood in the name of loan-licensees where the assessee contended that those loan-licensees used the inputs in manufacture. The department did not rebut that contention with material, and the record did not show any misuse of the scheme by the assessee. In excise law, more than one manufacturer may operate in the same factory, and a loan-licensee may utilise Modvat credit for duty on goods manufactured by it. On that reasoning, denial of credit was held unsustainable, the impugned order was set aside, and the appeal was allowed, with liberty to proceed against the person who actually utilised the credit. Case-Laws Central Excise Mon, 25 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50634