https://www.taxtmi.com/caselaws?id=54355 Modvat credit was treated as allowable on the duty shown in suppliers' invoices even where a lesser quantity of inputs was received, provided the shortage was insignificant. Applying that settled principle, the demand for reversal of credit for meagre short receipt of inputs could not be sustained, because the invoice duty basis remained sufficient for credit and the minor shortage did not justify denial of the benefit. The issue was resolved in favour of the assessee, and reversal of credit was held not demandable. en-us Mon, 25 Apr 2005 00:00:00 +0530 Tue, 19 Oct 2010 15:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54355 Modvat credit was treated as allowable on the duty shown in suppliers' invoices even where a lesser quantity of inputs was received, provided the shortage was insignificant. Applying that settled principle, the demand for reversal of credit for meagre short receipt of inputs could not be sustained, because the invoice duty basis remained sufficient for credit and the minor shortage did not justify denial of the benefit. The issue was resolved in favour of the assessee, and reversal of credit was held not demandable. Case-Laws Central Excise Mon, 25 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54355