https://www.taxtmi.com/caselaws?id=50733 Modvat credit could not be denied merely because the Department alleged that the invoices were issued without a sale transaction. The Tribunal noted the Board's clarification on the meaning of sale and purchase under the Central Excise Act and the earlier view that the sale element was not ative for such transactions. The issue was therefore required to be re-examined by the original authority in light of that clarification, and the matter was remanded for de novo consideration with a speaking order after granting a reasonable opportunity of hearing. en-us Thu, 12 Jul 2001 00:00:00 +0530 Fri, 03 Sep 2010 10:14:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50733 Modvat credit could not be denied merely because the Department alleged that the invoices were issued without a sale transaction. The Tribunal noted the Board's clarification on the meaning of sale and purchase under the Central Excise Act and the earlier view that the sale element was not ative for such transactions. The issue was therefore required to be re-examined by the original authority in light of that clarification, and the matter was remanded for de novo consideration with a speaking order after granting a reasonable opportunity of hearing. Case-Laws Central Excise Thu, 12 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50733