2003 (3) TMI 227

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....J)]. - Revenue being aggrieved with the order passed by the Commissioner (Appeals) vide which he has extended the benefit of Modvat Credit availed by the appellants on the basis of the endorsed invoices issued by the sister unit M/s. Pioneer Spinners has filed the present appeal. 2. We have heard ld. DR Shri C. Mani, for the Revenue and ld. Counsel, Shri Jagadeesan, for the Respondents. 3. I....

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.... 4. We have considered the submissions made by both sides. In normal circumstances, when there is a sale by one assessee to another independent assessee, the endorsed modvatable invoices have been held as not proper documents for the purpose of Modvat credit by the Larger Bench decision of the Tribunal rendered in the case of Balmer and Lawrie Ltd. [2000 (116) E.L.T. 364 (Tri.)]. However, in the i....