https://www.taxtmi.com/caselaws?id=83480 The Appellate Tribunal CEGAT, MADRAS reduced the penalty to Rs. 1,00,000 in a case involving the transfer of MODVAT credit between two manufacturing units of the appellant. The Tribunal acknowledged procedural irregularities but considered leniency due to the department's awareness and non-opposition to the transfer. Another Tribunal member noted the appellant's questionable actions in creating documentation for a non-occurring transfer to a sister concern. Despite finding the conduct reprehensible, the penalty was reduced to Rs. 1,00,000 in the interest of justice, emphasizing the Tribunal's approach to address irregularities while considering the circumstances. en-us Wed, 09 Feb 1994 00:00:00 +0530 Wed, 13 Jul 2011 17:23:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83480 The Appellate Tribunal CEGAT, MADRAS reduced the penalty to Rs. 1,00,000 in a case involving the transfer of MODVAT credit between two manufacturing units of the appellant. The Tribunal acknowledged procedural irregularities but considered leniency due to the department's awareness and non-opposition to the transfer. Another Tribunal member noted the appellant's questionable actions in creating documentation for a non-occurring transfer to a sister concern. Despite finding the conduct reprehensible, the penalty was reduced to Rs. 1,00,000 in the interest of justice, emphasizing the Tribunal's approach to address irregularities while considering the circumstances. Case-Laws Central Excise Wed, 09 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83480