2003 (10) TMI 505

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..... - Heard both sides. 2. The appeal relates to denial of Modvat credit to the tune of Rs. 1,69,302/- and imposition of penalty Rs. 15,000/- under Rule 173Q. The invoice issued by M/s. TRANSPECK India, the goods were purchased for their RATNAGIRI factory. However, the invoice was prepared in the name of head office. On noticing the discrepancy they got the invoice endorsed by the head offic....

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....of invoices which are spread over different dates and relate to different manufacturer namely Hindustan Petroleum, ILC and BPCL wherein it is claimed that duplicate copy is lost in transit. It is obvious that several transporters would be involved in the process of transporting these goods and it cannot be a case that, all the transporters have lost the duplicate copy of invoice in transit. Theref....