2002 (1) TMI 1121

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..... ]. Modvat credit of Rs. 54,688.00 has been disallowed to the appellants and penalty of identical amount has been imposed on the ground that the subsidiary invoices issued by the registered dealer were not proper documents inasmuch as the same were subsidiary invoices. 2. The appellants were, issued a show cause notice dated 20-6-95 proposing to disallow the credit in respect of 8 subsidiary .....

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..... dit by observing that the invoices in question were issued in July, 1994 and the credit was taken in December, 1994. On the other hand, the appellants' contention is that the invoices in question have been issued by a dealer who was registered under the provisions of Rule 57GG. Inasmuch as it was initial period of registration of dealer and issuance of invoices by them, the word subsidiary was w .....

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