2003 (4) TMI 577

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....RDER Per Jyoti Balasundaram : Modvat credit of Rs. 91,519.54 has been disallowed to the appellants who are loan licencees for M/s. Indico Remedies and Tridoss Laboratories, Mumbai on the ground that the inputs were received in their factory under cover of invoices made out to principal manufacturers. Credit of Rs. 5,363.08 has been disallowed on the ground that it was availed on the strength....

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....r factory under cover of invoices showing Inspector of Works, Railways as the consignee because the goods were purchased by the Railways and supplied directly to the appellants for manufacture of goods under a contract with the Railways. The Tribunal has distinguished the Larger Bench decision in the case of Balmer & Lawrie Vs. Commissioner, 2000 (36) RLT 666 (CEGAT-L.B.)= RLT (L.-B.-CEGAT) - 1403....