https://www.taxtmi.com/caselaws?id=50675 Modvat credit depended on compliance with Rule 52A(6), which required each invoice to bear a printed serial number running for the whole financial year from 1 April. The requirement was treated as a mandatory revenue safeguard, not a mere procedural formality, because invoices were used as the basis for availing credit. A handwritten or rubber-stamped serial number did not satisfy that statutory condition. On that basis, Modvat credit was held inadmissible and the challenge to its denial failed. en-us Tue, 27 Mar 2001 00:00:00 +0530 Wed, 25 Aug 2010 13:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50675 Modvat credit depended on compliance with Rule 52A(6), which required each invoice to bear a printed serial number running for the whole financial year from 1 April. The requirement was treated as a mandatory revenue safeguard, not a mere procedural formality, because invoices were used as the basis for availing credit. A handwritten or rubber-stamped serial number did not satisfy that statutory condition. On that basis, Modvat credit was held inadmissible and the challenge to its denial failed. Case-Laws Central Excise Tue, 27 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50675