2002 (2) TMI 106

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Full Text of the Document

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....respondent is engaged in the manufacture of iron and steel products. It availed of Modvat credit to the tune of Rs. 2,65,716/-. The claim as made by the assessee was disallowed on the ground that the document had been endorsed more than once. According to the instructions issued by the Central Board of Excise and Customs vide letter, dated January 23, 1989, Modvat credit is not available on a chal....