2000 (11) TMI 412

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....or the Respondents. [Order]. - The appellants filed this appeal against the order-in-appeal passed by the Commissioner (Appeals). In the impugned order, the benefit of Modvat credit was denied only on the ground that the invoices were computer generated and serial number was not printed on the printed stationery. 2. Ld. Counsel, appearing on behalf of the appellants, submits that the....

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.... invoice is mandatory. He, therefore, reiterates the findings of the lower authorities. 5. Heard both sides. 6. In this case, the benefit of Modvat credit is denied only on the ground that the computer generated invoices were not having the printed serial number. The CBEC issued a circular No. 482/48/99-CX, dated 25-8-99 in respect of computer generated invoices. Para 2 of the circ....

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....nd written or rubber stamped serial numbers are not permitted, the latter instructions re-emphasized that it may not be necessary to pre-print serial numbers on computer generated invoices. However, few Commissionerates noticed misuse of this provision and recommended its revision. The matter is already under detailed examination and the decision will be communicated in due course. In any case, pr....