https://www.taxtmi.com/caselaws?id=86505 Erroneous utilisation of Modvat credit on undeclared final products did not warrant penalty where the credit was validly taken on eligible inputs, no undue benefit arose, and the duty position was regularised through fresh payment from the PLA. The omission to address the penalty challenge in the earlier order was rectified. Because the credit would otherwise have remained available for the declared product and the products were closely connected, the irregularity was not treated as serious; the penalty was deleted. en-us Mon, 28 Oct 1996 00:00:00 +0530 Thu, 25 Aug 2011 12:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86505 Erroneous utilisation of Modvat credit on undeclared final products did not warrant penalty where the credit was validly taken on eligible inputs, no undue benefit arose, and the duty position was regularised through fresh payment from the PLA. The omission to address the penalty challenge in the earlier order was rectified. Because the credit would otherwise have remained available for the declared product and the products were closely connected, the irregularity was not treated as serious; the penalty was deleted. Case-Laws Central Excise Mon, 28 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86505