Appeal Dismissed: Penalty for Lack of Demand on Modvat Credit

The Revenue's appeal against the decision setting aside a penalty on the respondent for lack of demand for Modvat credit was dismissed. The show cause notice issued beyond the five-year period did not propose denying the credit availed in 1993.

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The Revenue appealed against a decision setting aside a penalty on the respondent due to lack of demand for Modvat credit. The show cause notice issued in 2000, beyond the five-year period, did not propose denying the credit availed in 1993. The appeal was dismissed.

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