https://www.taxtmi.com/caselaws?id=80949 The Tribunal allowed the appeal against the rejection of Modvat credit and imposition of penalty by the Collector of Central Excise, Bombay. The dispute arose from a discrepancy in the Tariff Heading of inputs declared by the appellant, a manufacturer of spring assemblies. Despite some inputs being received under a different Tariff Heading, the Tribunal ruled that as long as the correct description was provided in the modvat declaration, the denial of Modvat credit and penalty imposition were unjustified. The Tribunal set aside the lower authorities' decisions, deeming the demand confirmation and penalty imposition unsustainable. en-us Tue, 20 Nov 1990 00:00:00 +0530 Tue, 21 Jun 2011 14:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80949 The Tribunal allowed the appeal against the rejection of Modvat credit and imposition of penalty by the Collector of Central Excise, Bombay. The dispute arose from a discrepancy in the Tariff Heading of inputs declared by the appellant, a manufacturer of spring assemblies. Despite some inputs being received under a different Tariff Heading, the Tribunal ruled that as long as the correct description was provided in the modvat declaration, the denial of Modvat credit and penalty imposition were unjustified. The Tribunal set aside the lower authorities' decisions, deeming the demand confirmation and penalty imposition unsustainable. Case-Laws Central Excise Tue, 20 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80949