https://www.taxtmi.com/caselaws?id=91773 Modvat credit cannot be denied merely because RG 23A and other registers were not properly maintained unless the show cause notice and findings specifically establish that the inputs were not used in or in relation to manufacture of the declared final product. On the facts noted, the substantive disallowance of credit was therefore not sustainable, while the procedural lapse in record maintenance could still justify penalty under the relevant penalty provision. The result was restoration of the credit claim with penalty maintained for improper accounting records. en-us Fri, 16 Apr 1999 00:00:00 +0530 Thu, 20 Oct 2011 17:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91773 Modvat credit cannot be denied merely because RG 23A and other registers were not properly maintained unless the show cause notice and findings specifically establish that the inputs were not used in or in relation to manufacture of the declared final product. On the facts noted, the substantive disallowance of credit was therefore not sustainable, while the procedural lapse in record maintenance could still justify penalty under the relevant penalty provision. The result was restoration of the credit claim with penalty maintained for improper accounting records. Case-Laws Central Excise Fri, 16 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91773