2011 (4) TMI 474

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....V Murthy: During the course of verification of records of the appellants, it was noticed that the head office situated in Mumbai of the appellants was distributing input service tax credit among various factories located in different parts of the country by issuing ISD challans under Rule 7 of the CENVAT Credit Rules, 2004. Further, it was also noticed that while verifying the records of the ap....

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.... invoice/challans in the SAP/ERP system. Since the transaction is recorded on the same day and the credit also is allowed on the same day but there is a time lag in the physical receipt of the invoice. He submits that credit has been disallowed on this ground and he also submits that, as can be seen from the order, the omission has occurred only in respect of credits passed on in the last 3-4 days....