2005 (12) TMI 336

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Shri B.L. Goel, SDR, for the Respondent. [Order per : Archana Wadhwa, Member (J)]. -  After hearing both the sides, we find that Modvat credit of Rs. 6,35,791/- has been disallowed to the appellant in respect of furnace oil procured by them from Indian Oil Corporation in sealed tankers on the ground that the quantity received by them is less than the quantity shown in the invoices. T....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....alent in terms of liters. Adopting this method, the quantity of furnace oil dispatched in liters by IOC and as reflected in invoices was correct and, therefore, they were availing the full Modvat credit of duty paid by IOC. However, the stores department used to measure the oil by the "dip method" which is a rough and ready method and when so done there were some apparent shortages which was ag....