https://www.taxtmi.com/caselaws?id=86473 Where an assessee substantially complied with a procedural relaxation under a trade notice and maintained private stock accounts showing receipt, use and stock of inputs, a mere failure to make daily entries in the statutory RG 23A Part I register did not justify penalty. The adjudicating authority accepted that Modvat credit had been availed within the trade notice framework, and no independent ground for punishment was shown. The technical defect in statutory record-keeping was therefore insufficient, by itself, to sustain punitive action, and the penalty was set aside in favour of the assessee. en-us Fri, 05 Jul 1996 00:00:00 +0530 Thu, 25 Aug 2011 11:05:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86473 Where an assessee substantially complied with a procedural relaxation under a trade notice and maintained private stock accounts showing receipt, use and stock of inputs, a mere failure to make daily entries in the statutory RG 23A Part I register did not justify penalty. The adjudicating authority accepted that Modvat credit had been availed within the trade notice framework, and no independent ground for punishment was shown. The technical defect in statutory record-keeping was therefore insufficient, by itself, to sustain punitive action, and the penalty was set aside in favour of the assessee. Case-Laws Central Excise Fri, 05 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86473