https://www.taxtmi.com/caselaws?id=91344 The Tribunal overturned the decision disallowing Modvat credit and imposing a penalty due to the incorrect classification of H.R. Sheets in the invoice. It held that the misclassification was a clerical error, as the appellants had correctly declared the sheets under the appropriate heading in their submission. Emphasizing the beneficial nature of Modvat credit, the Tribunal ruled that denial based on a typographical mistake was unjustified. The appeal was allowed without pre-deposit, with the Tribunal distinguishing the case from previous judgments where denial was due to a lack of specific declaration, ultimately granting the Stay Petition in favor of the appellants. en-us Mon, 01 Feb 1999 00:00:00 +0530 Mon, 17 Oct 2011 14:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91344 The Tribunal overturned the decision disallowing Modvat credit and imposing a penalty due to the incorrect classification of H.R. Sheets in the invoice. It held that the misclassification was a clerical error, as the appellants had correctly declared the sheets under the appropriate heading in their submission. Emphasizing the beneficial nature of Modvat credit, the Tribunal ruled that denial based on a typographical mistake was unjustified. The appeal was allowed without pre-deposit, with the Tribunal distinguishing the case from previous judgments where denial was due to a lack of specific declaration, ultimately granting the Stay Petition in favor of the appellants. Case-Laws Central Excise Mon, 01 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91344