https://www.taxtmi.com/caselaws?id=52300 Modvat credit on capital goods was admissible where the goods were returned after repairs by a job worker under a duty-paid statutory invoice. The tribunal noted that duty had been paid on the full assessable value, including job charges, and that the record did not support denial of credit merely because the goods were old or used. Since the Department had itself required duty payment on clearance from the job worker, the activity was treated as manufacture, and a valid invoice supported the claim. Credit was therefore allowable on receipt within time, and the denial of credit and penalty could not be sustained. en-us Tue, 26 Aug 2003 00:00:00 +0530 Tue, 05 Oct 2010 10:50:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52300 Modvat credit on capital goods was admissible where the goods were returned after repairs by a job worker under a duty-paid statutory invoice. The tribunal noted that duty had been paid on the full assessable value, including job charges, and that the record did not support denial of credit merely because the goods were old or used. Since the Department had itself required duty payment on clearance from the job worker, the activity was treated as manufacture, and a valid invoice supported the claim. Credit was therefore allowable on receipt within time, and the denial of credit and penalty could not be sustained. Case-Laws Central Excise Tue, 26 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52300