1996 (3) TMI 188 - AT - Central Excise

Summary

The judgment discusses the admissibility of Modvat credit for imported goods based on endorsed Bills of Entry. The Appellate Tribunal held that an endorsed Bill of Entry can serve as valid evidence of duty payment, even if the importers sell the goods post-import. The Tribunal set aside the impugned order and allowed the appeal, with a directive for the Assistant Commissioner to verify the proper receipt and accounting of the inputs.