https://www.taxtmi.com/caselaws?id=86538 Where an assessee had availed Modvat credit on inputs and later recovered the duty element through debit notes in respect of defective components and goods sent for job work, the duty demand was sustained. The ruling treats the debit-note recovery as supporting the demand where the credit had already been taken, and the challenge to the demand was not pressed for part of the amount. On penalty, the facts did not justify the full original levy, so the penalty was upheld in principle but reduced on equitable grounds. The appeal succeeded only to the limited extent of penalty modification. en-us Mon, 06 Jan 1997 00:00:00 +0530 Thu, 25 Aug 2011 14:53:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86538 Where an assessee had availed Modvat credit on inputs and later recovered the duty element through debit notes in respect of defective components and goods sent for job work, the duty demand was sustained. The ruling treats the debit-note recovery as supporting the demand where the credit had already been taken, and the challenge to the demand was not pressed for part of the amount. On penalty, the facts did not justify the full original levy, so the penalty was upheld in principle but reduced on equitable grounds. The appeal succeeded only to the limited extent of penalty modification. Case-Laws Central Excise Mon, 06 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86538