1997 (10) TMI 244 - AT - Central Excise

Summary

The judgment concerns the availability of Modvat credit for goods covered by an invoice-cum-challan of Steel Authority of India Ltd. that was endorsed twice. The appellant argued for Modvat credit based on past decisions, but the Board had specified that only once-endorsed gate passes were valid for Modvat purposes. The appellate tribunal upheld the Board's decision, stating that multiple endorsements could hinder verification of duty paid goods. The appeal was dismissed.