https://www.taxtmi.com/caselaws?id=85642 Modvat credit taken on gate passes not issued in the assessee's name and not endorsed to it was treated as inadmissible and its reversal was sustained. After that reversal, the equivalent duty demand was set aside because the basis for confirming it no longer survived. The penalty and redemption fine on the goods were sustained, but confiscation of land, building and machinery was held unwarranted since such extreme confiscation under Rule 173Q(2)(a) is reserved for exceptional cases such as habitual offending; the related redemption fine was remitted. en-us Tue, 21 May 1996 00:00:00 +0530 Sat, 06 Aug 2011 13:15:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85642 Modvat credit taken on gate passes not issued in the assessee's name and not endorsed to it was treated as inadmissible and its reversal was sustained. After that reversal, the equivalent duty demand was set aside because the basis for confirming it no longer survived. The penalty and redemption fine on the goods were sustained, but confiscation of land, building and machinery was held unwarranted since such extreme confiscation under Rule 173Q(2)(a) is reserved for exceptional cases such as habitual offending; the related redemption fine was remitted. Case-Laws Central Excise Tue, 21 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85642