2007 (8) TMI 194

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....by benefit of Modvat credit was denied for the period September, 1996 to" August, 1999 on the ground that appellants received less quantity of inputs than shown in the invoices. 2. The contention of appellant is that inputs are residual fuel oil and furnace oil. The same is received from Indian Oil Corporation in tankers. At the time of clearance by Indian Oil Corporation, the weightment is bei....

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....nts as inputs and revenue has not challenged this order. 3. The contention is that in the present case, the loss is less than 2% and credit cannot be denied that appellants received less inputs as mentioned in the invoices as the duty has been paid on the quantity of goods mentioned in invoices. The contention of revenue is that the appellants are entitled for credit in respect of duty paid on ....