2003 (6) TMI 418

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....ri S. Bhatnagar, DR, for the Respondent. [Order]. - After examining the records and hearing both the sides, I think, the appeal itself requires to be finally disposed of. Accordingly, I allow the present application and proceed to deal with the appeal. 2. The appellants had taken Modvat credit amounting to Rs. 69,231/- on inputs in June, 1994 on the strength of an invoice issued by M....

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.... appellants submits that the finding recorded by the original and first appellate authorities, for denying the Modvat credit, is that the inputs covered by the invoice were not lying in stock with M/s. B.B. Enterprises as on 31-3-94 and the invoice issued by Consignment Agent in respect of goods received from manufacturer after 31-3-94 was not admissible for availment of Modvat credit. It was also....

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.... of Notification No. 32/94-C.E. (N.T.), dated 4-7-94] as persons authorised to issue modvatable invoices for the period 1-4-94 to 3-7-94. It has been clearly directed by the Board that the Assistant Commissioner concerned shall verify or cross-check the genuineness of the invoices issued by such agents as also the duty-paid character of the inputs covered by such invoices. In the instant case, adm....