2001 (12) TMI 440

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....der]. -  By the impugned order dated 27-8-1999 the Commissioner (Appeals) disallowed Modvat credit to the appellants on two grounds. The first ground was that the Modvat credit was not admissible on endorsed B/E. Second ground was that Modvat credit cannot be taken on the strength of restructured Bill of Entry. 2. The facts of the case briefly stated are that the appellants are engaged....

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....emsp;Learned Counsel further submits that insofar as the denial of Modvat credit taken on the strength of restructured Bills of Entry is concerned, the decision of the Tribunal in the case of Klockner Supreme Pentaplast Ltd. v. C.C.E., Indore reported in 1999 (114) E.L.T. 253 and the earlier decision in the case of Shree Products v. C.C.E. reported in 1999 (84) ECR 597 is applicable. Learned Couns....