2006 (2) TMI 531

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..... record. 2. The appeal is directed against the denial of Modvat credit of Rs. 1,84,268/- and imposition of penalty of Rs. 15,000/-. The credit has been denied on the ground that the documents produced by the appellant are not acceptable. 3. Learned Counsel for the appellant submits that the appellant is a manufacturer and the inputs in question were purchased either directly from the consignmen .....

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..... e (TISCO) and the duty paid nature of the inputs is made clear by the invoices. issued by the consignment agent. There is also no dispute about the receipt of the impugned goods by the appellant manufacturer or its eligibility to the credit. This Tribunal has held in the case of Hero Cycles that credit is permissible based on the challan-cum-invoice and certificate of consignment agent of TISCO an .....

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