2003 (12) TMI 529

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....kh, DR, for the Respondent. [Order]. - The appellant's instant appeal relates to denial of Modvat credit of Rs. 1,41,690/- and imposition of penalty of Rs. 15,000/-. The credit was initially denied to them by the Asstt. Commissioner. The credit was denied on capital goods on the ground that the description of the capital goods was not precise as nobody could make out as to what the goods are....

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....on is on the basis of the corresponding description figuring in the purchase invoice. So it is not correct to say that the declaration is not precise or adequate. Since these items are repeatedly being used and procured by the appellants, the Asstt. Commissioner concerned, ought to have sought further details from the appellants, before disallowing the credit. The items in question being eligible ....