https://www.taxtmi.com/caselaws?id=92065 Modvat credit taken in a duly declared wet process unit was irregularly utilised in a dry process unit that had neither filed a separate declaration nor maintained separate accounts. Once the misutilisation was identified, the duty amount was debited in the PLA, which regularised the position for the wrong utilisation. On that basis, restoration of the corresponding credit to the wet process unit's Modvat account was upheld, and the appellate tribunal did not interfere with the penalty. en-us Thu, 26 Nov 1998 00:00:00 +0530 Mon, 24 Oct 2011 13:37:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92065 Modvat credit taken in a duly declared wet process unit was irregularly utilised in a dry process unit that had neither filed a separate declaration nor maintained separate accounts. Once the misutilisation was identified, the duty amount was debited in the PLA, which regularised the position for the wrong utilisation. On that basis, restoration of the corresponding credit to the wet process unit's Modvat account was upheld, and the appellate tribunal did not interfere with the penalty. Case-Laws Central Excise Thu, 26 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92065