https://www.taxtmi.com/caselaws?id=52192 The Appellate Tribunal CEGAT, Chennai, upheld the decision allowing Modvat credit based on endorsed invoices between sister units of the same parent company. The Tribunal emphasized that in cases of consignment transfer without sale between sister units, the use of endorsed invoices for Modvat credit is acceptable when duty-paid inputs are used in manufacturing final products. The Tribunal rejected the Revenue's appeal, affirming the Commissioner (Appeals) decision to grant Modvat credit in this specific scenario, establishing a precedent for such transactions within related entities. en-us Mon, 03 Mar 2003 00:00:00 +0530 Mon, 04 Oct 2010 11:23:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52192 The Appellate Tribunal CEGAT, Chennai, upheld the decision allowing Modvat credit based on endorsed invoices between sister units of the same parent company. The Tribunal emphasized that in cases of consignment transfer without sale between sister units, the use of endorsed invoices for Modvat credit is acceptable when duty-paid inputs are used in manufacturing final products. The Tribunal rejected the Revenue's appeal, affirming the Commissioner (Appeals) decision to grant Modvat credit in this specific scenario, establishing a precedent for such transactions within related entities. Case-Laws Central Excise Mon, 03 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52192