https://www.taxtmi.com/caselaws?id=52568 Modvat credit was held inadmissible where the supporting invoices were issued by a supplier who had already surrendered excise registration and ceased to be a manufacturer, because valid credit required prescribed documents issued by a registered manufacturer and no movement of goods under those invoices was established. On that footing, recovery of the wrongly availed credit was sustained and penalty was upheld. Interest, however, was not sustainable because Section 11AA applies to duty and does not extend to credit amounts. The appeal succeeded only to the limited extent of setting aside interest, while disallowance and recovery of credit and the penalty were maintained. en-us Tue, 04 Nov 2003 00:00:00 +0530 Wed, 06 Oct 2010 15:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52568 Modvat credit was held inadmissible where the supporting invoices were issued by a supplier who had already surrendered excise registration and ceased to be a manufacturer, because valid credit required prescribed documents issued by a registered manufacturer and no movement of goods under those invoices was established. On that footing, recovery of the wrongly availed credit was sustained and penalty was upheld. Interest, however, was not sustainable because Section 11AA applies to duty and does not extend to credit amounts. The appeal succeeded only to the limited extent of setting aside interest, while disallowance and recovery of credit and the penalty were maintained. Case-Laws Central Excise Tue, 04 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52568