https://www.taxtmi.com/caselaws?id=83495 Penalty for alleged wrongful utilisation of Modvat credit was not sustained because the Tribunal found no mala fide conduct and no apparent revenue evasion in the availment of credit. The duty demand itself was not contested, but in the absence of fraudulent intent or revenue loss, the penalty was set aside. en-us Tue, 15 Mar 1994 00:00:00 +0530 Wed, 13 Jul 2011 17:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83495 Penalty for alleged wrongful utilisation of Modvat credit was not sustained because the Tribunal found no mala fide conduct and no apparent revenue evasion in the availment of credit. The duty demand itself was not contested, but in the absence of fraudulent intent or revenue loss, the penalty was set aside. Case-Laws Central Excise Tue, 15 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83495