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<h1>CEGAT Tribunal Overturns Penalty for Modvat Credit Error, Appellant Granted Relief</h1> The Appellate Tribunal CEGAT, Calcutta ruled in favor of the appellant, setting aside the penalty imposed for a mistake in availing Modvat credit. The ... Penalty on dealer The Appellate Tribunal CEGAT, Calcutta ruled in favor of the appellant, setting aside the penalty imposed on them for a mistake made by the manufacturer in availing Modvat credit. The Tribunal found the penalty unjustified as the dealer had properly recorded the transaction and issued valid invoices. The appeal was allowed with consequential relief to the appellant.