2010 (9) TMI 951

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....alasundaram The Revenue is aggrieved by extension of credit of Rs.1,16,634/- to the assessees herein, who are manufacturers of Polyester and Viscose Yarn etc. Credit was sought to be denied on the ground that the documents such as Debit Notes, Freight Certificates etc., were not prescribed documents for the purpose of taking credit. Credit was disallowed and penalty was imposed by the adjudicat....

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....uired under Rule 9(2) of the Cenvat Credit Rules, 2004, are shown in the documents such as debit notes on the strength of which the assessees took credit, there was no ground for denial of substantive right to credit. The same view has been taken by the Tribunal in the assessee's own case as seen from Final Order No.463/10 dt. 21.04.10 and Final Order No.694/10 dt. 24.06.10. In those cases, the is....