2001 (5) TMI 355

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....dents. [Order]. -  In this case, the respondents have availed Modvat credit amounting to Rs. 6,349.42 on furnace oil on the strength of Invoice No. 029103, dated 25-3-1994 issued by M/s. IOC Ltd., Mathura. The proceedings were initiated against them on the ground that the invoice is not prescribed document by the CBEC as a valid duty paying document for the purpose of availing Modvat cr....

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....oner (Appeals) does not squarely cover the instant case due to the reason that CEGAT in the above case had erred in observing that Sl. No. 7 of Notification No. 16/94 empowered the Indian Oil Corporation to issue certificate in respect of the furnace oil for taking Modvat credit. 4. I have considered these submissions. As already stated, the lower appellate authority in allowing the appeal....