https://www.taxtmi.com/caselaws?id=87049 On removal of inputs after Modvat credit has been taken, the duty payable is linked to the credit already availed and is not to be re-assessed afresh at the stage of removal. The Tribunal applied the Larger Bench view and confined the duty liability to the Modvat credit earlier utilised. On penalty, it found that bona fides were not established because the irregular removals continued for a long period, but it still reduced the penalty in view of the duty already paid and the overall circumstances, granting partial relief. en-us Thu, 17 Jul 1997 00:00:00 +0530 Fri, 02 Sep 2011 14:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87049 On removal of inputs after Modvat credit has been taken, the duty payable is linked to the credit already availed and is not to be re-assessed afresh at the stage of removal. The Tribunal applied the Larger Bench view and confined the duty liability to the Modvat credit earlier utilised. On penalty, it found that bona fides were not established because the irregular removals continued for a long period, but it still reduced the penalty in view of the duty already paid and the overall circumstances, granting partial relief. Case-Laws Central Excise Thu, 17 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87049