https://www.taxtmi.com/caselaws?id=88006 Failure to return original GP 1 documents for defacement, after undertaking to do so, was treated as a breach of the Modvat procedure under Rule 57G(4) and as a basis for penalty under Rule 173Q(bb). The Tribunal noted that penalty must reflect the totality of circumstances and remain proportionate to the lapse, with distinction drawn between technical or venial breaches and deliberate conduct. On that basis, the penalty was sustained in principle but reduced in quantum. en-us Fri, 25 Apr 1997 00:00:00 +0530 Wed, 14 Sep 2011 13:45:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88006 Failure to return original GP 1 documents for defacement, after undertaking to do so, was treated as a breach of the Modvat procedure under Rule 57G(4) and as a basis for penalty under Rule 173Q(bb). The Tribunal noted that penalty must reflect the totality of circumstances and remain proportionate to the lapse, with distinction drawn between technical or venial breaches and deliberate conduct. On that basis, the penalty was sustained in principle but reduced in quantum. Case-Laws Central Excise Fri, 25 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88006