2004 (1) TMI 578

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....ent. [Order]. -  Examined the records and heard both the sides. Deemed Modvat credits totalling to Rs. 5,59,280/- were denied to the respondents by the original authority and a penalty of Rs. 30,000/- was imposed on them by that authority. That was on the ground that the input-supplier has not discharged duty liability in full in respect of the inputs on which the deemed credits were taken ....

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....re required to be done by the respondent to be eligible for deemed Modvat credit in respect of the inputs covered by the invoices. This question has been settled in favour of the assessee by the High Court of Punjab & Haryana in the case of Vikas Pipe v. CCE, Chandigarh [2003 (158) E.L.T. 680 (P&H) = 2003 (59) RLT 979 (P&H)]. The ratio of the High Court's decision is contained in the last para of ....