2000 (9) TMI 276

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....and, Advocate, for the Respondent. [Order]. -  The respondents in this appeal were engaged in the manufacture of excisable goods. They took Modvat credit of Rs. 1,22,225.20 on certain inputs on the strength of cash memos issued by the manufacturers of those goods namely the Indian Oil Corporation (IOC) Ltd. The jurisdictional Assistant Commissioner disallowed the Modvat credit on the gr....

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....ther submitted that there is no challenge against acceptance of the IOC's cash memos as document in lieu of invoice issued under Rule 52A of the Central Excise Rules. He has further submitted that the respondents had produced a certificate from the IOC before the adjudicating authority, which certified to the effect that the cash memos had been issued as "duplicate copies" for the purpose of avail....