2009 (11) TMI 680 - SCH - Central Excise

CENVAT Credit Cenvat Credit (MODVAT) on Carbon copy of Challan / Invoice - Supreme Court dismissed appeal where High Court held that Moreover, laying down a blanket principle permitting Modvat credit on carbon copy may result into setting up of false claims. On such a principle the possibility of availing Modvat credit by many persons against one transaction would not be ruled out which will be highly damaging to the revenue.

Summary

The Supreme Court dismissed the Special Leave Petition in the case with citation 2009 (11) TMI 680 - SC. Judges were S. H. Kapadia and T. S. Thakur, and the advocate for the petitioner was Mr. Shankar Divate.