2002 (11) TMI 643

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..... th sides on the application for waiver of pre-deposit of Rs. 5,45,063/- on reversal of Modvat credit and Rs.1 lakh imposed as penalty, it appeared that the issue being simple, the appeal itself could be taken up for disposal. Both sides agreeing, it was done on granting the prayer for waiver. 2. The appellants manufactured medicine named phexin for a loan licensee. They had taken credit on the .....

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..... erut reported in 1998 (102) E.L.T. 376 (T). In the judgment the appellants were in identical circumstances and the invoices bore name of the loan licensee but not of the actual manufacturer. In that situation the Tribunal held that the omission of the name of the consignee and his address, though not a minor omission, should not disentitle the manufacturer from the benefit of Modvat credit so long .....

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