2003 (9) TMI 682

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..... ]. The appellants have claimed Modvat credit to the tune of Rs. 78,166.65 on the strength of endorsed gate passes. The consignment of 9 MTs of HDPE was originally stock transferred by M/s. IPCL on 3-12-93 to M/s. Suckoo Plastics distributors of IPCL, Delhi on payment of appropriate duty thereon. The said material was sold to M/s. Gupta Sales Corporation and the duty paying document viz. Gat .....

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..... he circular has not been considered by the Commissioner (Appeals). In terms of the said circular which is issued pursuant to the judgment of Hon ble High Court of Gujarat in the case of M/s. Krishna Chemicals Ahmedabad, it has been held that the gate passes issued prior to 1-4-94 but endorsed thereafter would be valid documents for availment of credit, subject to credit being taken on or before 30 .....

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