https://www.taxtmi.com/caselaws?id=51414 Modvat credit was treated as admissible where duty-paid inputs were received under excise invoices for use in manufacture of dutiable final products, even though the supplies moved by stock transfer or free supply to a job worker rather than a conventional sale. The Tribunal accepted that the term "sale" in the relevant notification and statutory definition could extend to stock transfers and book adjustments, so denial of credit solely for absence of a sale transaction was unsustainable. As the credit was upheld, the connected penalty also did not survive. en-us Thu, 11 Apr 2002 00:00:00 +0530 Fri, 24 Sep 2010 16:26:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51414 Modvat credit was treated as admissible where duty-paid inputs were received under excise invoices for use in manufacture of dutiable final products, even though the supplies moved by stock transfer or free supply to a job worker rather than a conventional sale. The Tribunal accepted that the term "sale" in the relevant notification and statutory definition could extend to stock transfers and book adjustments, so denial of credit solely for absence of a sale transaction was unsustainable. As the credit was upheld, the connected penalty also did not survive. Case-Laws Central Excise Thu, 11 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51414