1994 (7) TMI 143 - AT - Central Excise

Summary

The issue was whether modvat credit is available on gate passes endorsed by an authorized agent. The respondents, glass bottle manufacturers, availed modvat credit based on gate passes endorsed by the supplier's agent. The Revenue argued the endorsement did not comply with Rule 57G. The appellate authority ruled in favor of the assessees, confirming their entitlement to modvat credit. The Tribunal upheld the appellate authority's decision, stating that the respondents had substantially complied with the requirements of Rule 57G.