https://www.taxtmi.com/caselaws?id=88881 Modvat credit on invoices lacking prescribed particulars became unsustainable once the same credit was later allowed under Rule 57H after verification of additional information. The earlier disallowance had no operative effect because the subsequent allowance addressed genuine duty-paid inputs and removed the basis for the prior objection. Penalty also could not stand, since the later acceptance of credit showed that penal action was not warranted on the facts. The impugned order was therefore set aside and the assessee succeeded on both credit and penalty issues. en-us Wed, 10 Jun 1998 00:00:00 +0530 Wed, 21 Sep 2011 18:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88881 Modvat credit on invoices lacking prescribed particulars became unsustainable once the same credit was later allowed under Rule 57H after verification of additional information. The earlier disallowance had no operative effect because the subsequent allowance addressed genuine duty-paid inputs and removed the basis for the prior objection. Penalty also could not stand, since the later acceptance of credit showed that penal action was not warranted on the facts. The impugned order was therefore set aside and the assessee succeeded on both credit and penalty issues. Case-Laws Central Excise Wed, 10 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88881