2003 (8) TMI 149 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai disallowed modvat credit of Rs. 27,210/- as it was taken based on cash memos from Hindustan Petroleum Corporation Limited, not a prescribed duty paying document. The Tribunal upheld the decision, stating that the documents used did not meet the criteria for availing modvat credit.