https://www.taxtmi.com/caselaws?id=89743 A minor procedural omission in RG 23A Part I was treated as insufficient to deny Modvat credit where the assessee itself detected the error, reported it before the show cause notice, and produced records showing receipt and use of the inputs. The Tribunal applied the principle that a substantive credit benefit should not be denied for a technical lapse when entitlement is otherwise established. On that basis, denial of Modvat credit was held unjustified and the penalty was also unsustainable. en-us Wed, 10 Dec 1997 00:00:00 +0530 Thu, 29 Sep 2011 15:04:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89743 A minor procedural omission in RG 23A Part I was treated as insufficient to deny Modvat credit where the assessee itself detected the error, reported it before the show cause notice, and produced records showing receipt and use of the inputs. The Tribunal applied the principle that a substantive credit benefit should not be denied for a technical lapse when entitlement is otherwise established. On that basis, denial of Modvat credit was held unjustified and the penalty was also unsustainable. Case-Laws Central Excise Wed, 10 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89743