2004 (12) TMI 85

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..... of a finding in a proceeding against the supplier of the inputs that the duty has not been correctly paid. Thus variation of Modvat credit amount can be consequential only. - E/2695/2004-NB(SM) - A/109/05-NB(SM) - Dated:- 23-12-2004 - Shri C.N.B. Nair, Member (T) [Order]. - The appellant is a manufacturer of Nuts and bolts. It is entitled to Central Excise duty on inputs. Accordingly, it took .....

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..... hallenges that order. 2. I have heard the learned DR and perused the records. None has appeared for the respondent assessee. It is well settled credit to be taken is the actual duty paid and that the buyer has no responsibility in regard to ensuring that duty has been correctly paid by the manufacturer of the inputs. The rule permits variation of Modvat credit only on account of a finding .....

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